Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cash $ 66,600 32,400 accounts receivable 22,080 19

Cash $ 66,600 32,400 Accounts Receivable 22,080 19,800 Inventory 18,800 28,800 Prepaid expenses 1,000 500...

80.2K

Verified Solution

Question

Accounting

Cash $ 66,600 32,400 Accounts Receivable 22,080 19,800 Inventory 18,800 28,800 Prepaid expenses 1,000 500 LT Investments 25,000 6,000 Land 4,000 9,000 Plant assets 59,000 46,800 Accumulated depreciation (24,600) (23,400) $171,880 $119,900 Accounts payable $ 21,600 $ 14,400 Wages payable 1,080 1,800 Bonds payable 26,600 12,800 Preferred stock 11,000 5,800 Additional paid-in capitalpreferred 29,400 18,500 Common stock- no par 21,600 18,000 Retained earnings 60,600 48,600 $171,880 $119,900 1. Additional information: Land originally costing $5,000 was sold for $3,000. Evans Company Income Statement For the Year Ended 12/31/20 Sales $147,600 Cost of sales 90,000 Gross profit 57,600 Operating expenses 37,600 Income from Operations 20,000 Loss on Sale of Land 2,000 Net income $ 18,000 INSTRUCTIONS: 1.) Prepare a statement of cash flows, including a sheet of your analyzing tables.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Solve the IVP by applying the Laplace transform:y''+y=sqrt(2)*sin[sqrt(2)t]; y(0)=10, y'(0)=0

Basic Math
1.2K views

Of 250 adults who tried a new multi-grain cereal, \"Wow!\", 187 rated it excellent; of 100...

Biology
1.2K views

Describe the regulation of trp operon by attenuating transcription.

Physics
1.2K views

50 In the following circuit a capacitor is charged from q 0 to q 2...

Physics
1.2K views

Suppose your slinky was stretched to 4.5 m. You complete Scenario 3 with a frequency...

Geometry
1.2K views

Winter Math Picture Puzzle Tree Mitten Snowflake Final V V V 21 13 17 V

Calculus
1.2K views

Match the right triangle definition with its trigonometric function a hyp adj b c d...

Algebra
1.2K views

Which equation is represented by the graph 3 2 1 Oy Oy 4 3 2...

Accounting
1.2K views

Schedule of Cash Collections on Accounts Receivable and Cash Budget Roybal Inc. sells all of...

Accounting
1.2K views

can someone help me with these two question Stockholders Equity section...

Accounting
1.2K views

JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 ...

Accounting
1.2K views

Better Health Company has two service departments - actuarial and premium rating, and two operations...