Overall Change in Cash and Investing Activities help from Prof.

Overall Change in - I think my Accrued Expenses go here so I add $2,000 Bonds Payable decreased by 25,000 so I add that also which brings my total

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Part C. Investing Activities Question 2 Cash Flows from Investing Activities Property Plant and Equipment increased by $2,000 so I thought my total was $2,000. This is not true, please help me figure this out. Part E. Overall Change in Cash Question 1 Operating activities: First I start with the net income of $75,000 I then subtracted the accounts receivable in the amount of $5,000 which makes my total $70,000 Then I added the change in inventory in the amount of $8,000 which makes my total $78,000 Next I subtract the accounts payable in the amount of $15,000 which brings my total to $63,000. I then add the other current assets by $7,000 because they increases so my total is $70,000 I take the office supplies next and I add $2,000 Operating Activities Total: $72,000 Investing Activities: First I take my Fixed assets and make it a negative so my total is -$20,000
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Unformatted text preview: I think my Accrued Expenses go here, so I add $2,000 Bonds Payable decreased by 25,000 so I add that also which brings my total to -$18,000 Investing Activities Total: -$18,000 Financing Activities: First I take my dividends and make them into a negative because they were paid to stockholders which make my total -$12,000 I then add common stock in the amount of $5,000 which brings my total to -$7,000 Financing Activities Total: -$7,000 So I will take $72,000 subtract -$18,000 which brings my total to $54,000 I now take $54,000 and take out the -$7,000 which makes my total $47,000 Of course this answer is wrong but I am not sure if I put all accounts in the correct operations I don’t even know what to do now....
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This note was uploaded on 07/16/2011 for the course ACCT 212 taught by Professor Song during the Spring '11 term at DeVry Kansas City.

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