Wk 3 Chapter 5 - Tara Anderson Exercise 5-29 Tapwater...

Tara Anderson
Exercise 5-29
Tapwater Company
December 31, 2008
Net Income
Add: Non-cash items:
Depreciation
Accounts receivable
Inventory
Accounts payable
Net cash from operating activities

$35,500
$4,500
$2,150
$3,700
$(2,000)
$36,150

spreadsheet I have been entering info on is on sheet 1
Tara Anderson
Exercise 5-30
Operating Activities:
Cash collected from customers $6,400,000
Cash paid for inventory 2,800,000
Cash paid for salaries
Cash paid for interest
Cash paid for taxes 472,000
Cash paid for other expenses 1,978,000 5,250,000
Cash flow from operations $1,150,000

Tara Anderson
Activity
(a) Cash collected from customers.
Operating
(b) Cash paid to suppliers for inventory.
Operating
(c)
Operating
(d) Cash received from issuance of stock.
Financing
(e) Cash paid for dividends.
Financing
(f) Cash received from bank on a loan.
Financing
(g) Cash paid for interest on a loan.
Operating
(h) Cash paid to retire bonds.
Financing
(i)
Investing
(j)
Investing
(k) Cash paid for property taxes.
Operating
(l) Cash received for dividend revenue.
Operating
(m) Cash paid for wages.
Operating
(n) Cash paid for insurance.
Operating
(o)
Noncash
(p) Depreciation expense for the year.
Noncash
(q) Cash paid to purchase machinery.