Homework 1 spreadsheet

Homework 1 - Cash flows from Investing Activities Cash paid to purchase equipment $(10,000 Net cash used by investing activities $(10,000 Cash

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Revenues $8,000 Expenses Advertising $400 Supplies $1,000 Gas and oil $600 Utilities $300 Wages $1,400 Total Expenses $(3,700) Net Income $4,300 Retained Earnings, June 1, 2007 $- Add: Net Income $4,300 Less: Dividends $2,000 Retained Earnings, June 30, 2007 $2,300 Assets Cash $4,600 Accounts Recievable $4,000 Supplies $2,400 Equipment $32,000 Total Assets $43,000 Liabilities Notes Payable $14,000 Accounts Payable $500 Total liabilities $14,500 Less: SE Common Stock $26,200 Retained Earnings $2,300 Total SE $28,500 Total liabilities and SE $43,000 Cash flows from Operating Activities Cash received from customers $137,000 Cash paid to suppliers $(108,000) Net cash provided by operating activities $29,000
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Unformatted text preview: Cash flows from Investing Activities Cash paid to purchase equipment $(10,000) Net cash used by investing activities $(10,000) Cash flows from Financing Activities Cash received from issuing common stock $22,000 Cash dividends paid $(7,000) Net cash provided by financing activities $15,000 Net increase in cash $34,000 Cash at beginning of period Cash at end of period $34,000 Fix-It-Up Service Co. Retained Earnings Statement For the month ending 6/30/07 Fix-It-Up Co. Balance Sheet 6/30/07 Fix-It-Up Service Co Income Statement For the month ending 6/30/07 Linus Corporation Statement of Cash Flows For the year ending 12/31/07...
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This note was uploaded on 11/21/2011 for the course BUS 214 taught by Professor Waker during the Winter '08 term at Cal Poly.

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