- Statement Of Cash Flows The Comparative Balance Sheet Of Whitman Co At December 31 20y2 And 20y1 Is As Follows Dec 1 (274.34 KiB) Viewed 41 times
- Statement Of Cash Flows The Comparative Balance Sheet Of Whitman Co At December 31 20y2 And 20y1 Is As Follows Dec 2 (270.04 KiB) Viewed 41 times
- Statement Of Cash Flows The Comparative Balance Sheet Of Whitman Co At December 31 20y2 And 20y1 Is As Follows Dec 3 (171.86 KiB) Viewed 41 times
- Statement Of Cash Flows The Comparative Balance Sheet Of Whitman Co At December 31 20y2 And 20y1 Is As Follows Dec 4 (158.82 KiB) Viewed 41 times
- Statement Of Cash Flows The Comparative Balance Sheet Of Whitman Co At December 31 20y2 And 20y1 Is As Follows Dec 5 (189.87 KiB) Viewed 41 times
- Statement Of Cash Flows The Comparative Balance Sheet Of Whitman Co At December 31 20y2 And 20y1 Is As Follows Dec 6 (205.76 KiB) Viewed 41 times
Accounts payable (merchandise creditors) $ 652,430 $688,480 Bonds payable 192,290 0 Common stock, $20 par 226,000 84,000 Excess of paid-in capital over par 543,000 401,000 Retained earnings 1,820,110 1,869,250 Total liabilities and stockholders equity $3,433,830 $3,042,730 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance Apr. 20 Realized $107,800 cash from sale ACCOUNT Buildings Date Item 2012 Jan. 1 Balance Apr. 20 Acquired for cash ACCOUNT Accumulated Depreciation Buildings Debit 401,890 115,950 Credit 342,590 226,640 ACCOUNT NO. Balance Debit 645,650 1,047,540 Credit ACCOUNT NO. Balance
ACCOUNT Accumulated Depreciation-Buildings Date Item 20Y2 Jan. 1 Balance Dec. 31 Depreciation for year ACCOUNT Equipment Date Item 2012 Jan. 1 Balance Jan. 26 Discarded, no salvage Aug. 11 Purchased for cash ACCOUNT Accumulated Depreciation Equipment Date Item 2012 Jan. 1 Balance Jan. 26 Equipment discarded Dec. 31 Depreciation for year Debit Debit 78,720 Debit 35,900 Credit 19,760 Credit 35,900 Credit 23,380 ACCOUNT NO. Balance Debit ACCOUNT NO. Balance Debit Credit 276,710 296,470 Debit Credit 326,120 290,220 368,940 ACCOUNT NO. Balance Credit 113,980 78,080 101,460
ACCOUNT Bonds Payable Date Item 2012 May 1 Issued 20-year bonds ACCOUNT Common Stock, $20 par Date Item Debit 20Y2 Jan. 1 Balance Dec. 7 Issued 7,100 shares of common stock for $40 per share ACCOUNT Paid-in Capital in Excess of Par-Common Stock Date Item Debit 20Y2 Jan. 1 Balance Dec. 7 Issued 7,100 shares of common Debit Credit 192,290 Credit Debit 142,000 Credit ACCOUNT NO. Balance 142,000 Credit 192,290 ACCOUNT NO. Balance Credit 84,000 226,000 ACCOUNT NO. Balance Debit Debit Credit 401,000 543,000
ACCOUNT Retained Earnings Date Item Debit Credit ACCOUNT NO. Balance Debit Credit 20Y2 Jan. 1 Balance 1,869,250 1,845,590 Dec. 31 Net loss 23,660 Dec. 31 Cash dividends 25,480 1,820,110 Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Whitman Co. Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash flows from (used for) operating activities: Adjustments to reconcile net loss to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows used for operating activities 0000000 0
Adjustments to reconcile net loss to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows used for operating activities Cash flows from (used for) investing activities: $ Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 2012 Cash balance, December 31, 2012 $ 0