MBA800X11 - Supplies Cash 60 60 Rent Expense Cash 120 120...

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Supplies 60 Cash 60 Rent Expense 120 Cash 120 Inventory 350 A/P 350 Cash 180 Sales 180 A/R 210 Sales 210 Cash 390 A/R 390 A/P 335 Cash 335 Dividends Paid {or 116 Cash 116 Cash 40 Notes Payable 40 Equipment 100 Cash 100 Supplies Expense 27 Supplies 27 Cost of Sales 219 Inventory 219 Depreciation Expen 60 Accum. Deprec. 60 Sales 390 Income Summary 390
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Income Summary 426 Rent Expense 120 Supplies Expense 27 Cost of Sales 219 Deprec. Expense 60 Retained Earnings 36 Income Summary 36 Retained Earnings 116 Dividends Paid 116 do not do if original had RE debit
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Jensen Company Cash Flow Statement For Year Ended 31 Dec 2004 Cash Flow From Operations: Purchases Supplies $(60) Rent (120) Cash Sales 180 Collections on account 390 Payments on Account (335) CASH FLOW FROM OPERATIONS $55 Cash Flow From Investing Activities: Purchase of Equipment $(100) CASH FLOW FROM INVESTING: (100) Cash Flow From Financing Activities: Payment of Dividends $(116) Issuance of Note 40 CASH FLOW FROM FINANCING: (76) NET CASH FLOW $(121) Cash, 31 Dec 2004 $779 Cash, 1 Jan 2004 900 NET CASH FLOW $(121)
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This note was uploaded on 07/28/2011 for the course MBA 800 taught by Professor Wallin during the Summer '11 term at Ohio State.

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MBA800X11 - Supplies Cash 60 60 Rent Expense Cash 120 120...

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