LLS6e_Ch13 - Student Name Class Problem 13-01 Requirement 1 METRO VIDEO INC Balance Sheet at/31/2011 BALANCE SHEET Cash Accounts receivable

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Student Name: Class: Problem 13-01 Requirement 1: METRO VIDEO, INC. Balance Sheet at December 31 12/31/2011 12/31/2010 Change BALANCE SHEET Cash Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation Total Accounts payable Wages payable Note payable-long term Contributed capital Retained earnings Total Income statement for 2011 Sales Cost of goods sold Depreciation expense Other expenses Net income
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
METRO VIDEO, INC. Statement of Cash Flows For the Year Ended December 31, 2011 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Decrease in accounts receivable Increase in merchandise inventory Decrease in accounts payable Increase in wages payable Total adjustments Net cash provided by operating activities Cash flows from investing activities: Cash payment to purchase fixed assets Cash flows from financing activities: Cash payments on long-term note Cash payments for dividends Cash receipts from issuing stock Net cash provided by financing activities Net increase in cash during the year Cash balance, January 1, 2011 Cash balance, December 31, 2011 Requirement 2: Statement of cash flows evaluation:
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/27/2011 for the course ACCOUNTING 121 taught by Professor Ambrose during the Spring '10 term at San Mateo Colleges.

Page1 / 6

LLS6e_Ch13 - Student Name Class Problem 13-01 Requirement 1 METRO VIDEO INC Balance Sheet at/31/2011 BALANCE SHEET Cash Accounts receivable

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online