Provide journal entries to record each of the following transactions. For each, also identify: *the appropriate section of the statement of cash flows, and **whether the transaction represents a source of cash (S), a use of cash (U), or neither (N). A. reacquired $30,000 treasury stock B. purchased inventory for $20,000 C. issued common stock of $40,000 at par D. purchased land for $25,000 E. collected $22,000 from customers for accounts receivable F. paid $33,000 principal payment toward note payable to bank

Provide journal entries to record each of the following transactions. For each, identify whether the transaction represents a source of cash (S), a use of cash (U), or neither (N). A. Paid $22,000 cash on bonds payable. B. Collected $12,600 cash for a note receivable. C. Declared a dividend to shareholders for $16,000, to be paid in the future. D. Paid $26,500 to suppliers for purchases on account. E. Purchased treasury stock for $18,000 cash.

Bailey Co earns $27,792 of revenue on account and in $6,256 cash revenue transactions in Year 1. Cash collections of receivables amount to $7,152 in Year 1 with the remainder being collected in Year 2. Based on this information alone the company’s financial statements would show Total Revenue in Year 1 of $_

Ratio of Cash to Monthly Cash Expenses Financial data for Bonita Company follows:   For Year EndedDecember 31 Cash on December 31 $187,180       Cash flow from operations (458,400)       a.  Compute the ratio of cash to monthly cash expenses. Round your answer to one decimal place.fill in the blank 1 months b.  Interpret the results computed in (a).

Classify each cash transaction between Operating (O), Investing (I), or Financing (F) activities; and prepare the Statement of Cash Flow for Cougar Corp. using the following data: Cash at the beginning of the year: $650,000     Cash Receipts from:     Bank (Interest on CD) $6,000     Customers Sales $872,000     Interest $33,000     Dividends $3,600   Cash payments for:     Dividends $2,500     Raw Materials $ 3,800     Wages Expense $4,000     Land $10,000     Interest $4,000

Ratio of Cash to Monthly Cash Expenses Financial data for Abrams Company follow:   For Year EndingDecember 31 Cash on December 31 $63,360 Cash flow from operations  (79,200) a.  Compute the ratio of cash to monthly cash expenses. Round your answer to one decimal place.

Accounting  ABC Corporation had the following cash transactions during the year: Cash collections from customers $200,000, Cash paid to suppliers $120,000, Cash paid for operating expenses $40,000, Cash paid for interest expense $5,000, and Cash paid for income taxes $10,000. Calculate the company's net cash flow from operating activities.

Sagada Company's summary of cash records show the following for the year 2022, its first year of operation: CASH: Cash receipts - debit, P 3,840,000 Cash disbursements - credit, P 2,475,000 December 31 balance, P 1,365,000 You are contacted by the management to compute its net income using the accrual basis of accounting. During the process of preparation, the following were identified by you that will impact your computation: Property, plant and equipment are depreciated on a straight line basis. Annual depreciation is P 630,000. Prepaid insurance of P 108,000 was recognized as expense when it was paid. One-thirds of the balance is for year 2023. The entire amount of P 1,080,000 which was received as advance rental for office space in its building was recognized as rent income when received. Twenty five percent of the amount will be earned in 2023. Employees are due P 162,000 at the end of 2022. Uncollected interest from investment at the end of 2022 is P 190,200. It is estimated that…

The following summary transactions occurred during the year for a company. Cash received from: Collections from customers $396,000 Interest on notes receivable 14,000 Collection of notes receivable 62,500 Sale of investments 35,900 Issuance of notes payable 116,000 Cash paid for: Purchase of inventory 176,000 Interest on notes payable 13,000 Purchase of equipment 101,000 Salaries to employees 106,000 Payment of notes payable 33,000 Dividends to shareholders 1,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)