Problem 12-4 Statement of Cash Flows for April 1 to June 30, 2023 Problem 12-4...
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Problem 12-4 Statement of Cash Flows for April 1 to June 30, 2023 Problem 12-4 Larry's Landscaping April to June Statement of Cash Flows The follov The following is additional information for the period April 1 to June 30, 2023: $50,000 of Equipment was purchased by issuing a Note to the equipment vendor. No cash was paid to the vendor. $4,000 of Equipment was purchased for $4,000 cash. Land was sold for $5,000 cash. The land had a cost of $3,000; thus there was a $2,000 gain on the sale of the land. The $2,000 gain is included in Net Income. A $5,000 cash payment was made to pay down the Note Payable Long-Term. The April 1 to June 30, 2023 Income Statement showed Net Income of \$30,100. An $8,000 dividend was declared and paid during the period April 1 to June 30, 2023. Use the following to complete this problem: The worksheet in Chapter 11 d - Problem 11 and 12 Blank Cash Flow Worksheet. The form on Tab in the workbook Chapter 12 b-Problem 12-1 to 12-4 Forms. Requirement 1 Prepare a Cash Flow Worksheet for the period April 1 to June 30, 2023. Tips: For this Statement of Cash Flows the period of time is 3 months-April 1 to June 30, 2023. On your Cash Flow Worksheet, split the Equipment U 54,000 into a U 50,000 and a U 4,000. On your Cash Flow Worksheet, combine the two Accumulated Depreciation Source amounts. Requirement 2 Problem 12-4 Statement of Cash Flows for April 1 to June 30, 2023 Problem 12-4 Larry's Landscaping April to June Statement of Cash Flows The follov The following is additional information for the period April 1 to June 30, 2023: $50,000 of Equipment was purchased by issuing a Note to the equipment vendor. No cash was paid to the vendor. $4,000 of Equipment was purchased for $4,000 cash. Land was sold for $5,000 cash. The land had a cost of $3,000; thus there was a $2,000 gain on the sale of the land. The $2,000 gain is included in Net Income. A $5,000 cash payment was made to pay down the Note Payable Long-Term. The April 1 to June 30, 2023 Income Statement showed Net Income of \$30,100. An $8,000 dividend was declared and paid during the period April 1 to June 30, 2023. Use the following to complete this problem: The worksheet in Chapter 11 d - Problem 11 and 12 Blank Cash Flow Worksheet. The form on Tab in the workbook Chapter 12 b-Problem 12-1 to 12-4 Forms. Requirement 1 Prepare a Cash Flow Worksheet for the period April 1 to June 30, 2023. Tips: For this Statement of Cash Flows the period of time is 3 months-April 1 to June 30, 2023. On your Cash Flow Worksheet, split the Equipment U 54,000 into a U 50,000 and a U 4,000. On your Cash Flow Worksheet, combine the two Accumulated Depreciation Source amounts. Requirement 2
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Problem 12-4 Statement of Cash Flows for April 1 to June 30, 2023 Problem 12-4 Larry's Landscaping April to June Statement of Cash Flows The follov The following is additional information for the period April 1 to June 30, 2023: $50,000 of Equipment was purchased by issuing a Note to the equipment vendor. No cash was paid to the vendor. $4,000 of Equipment was purchased for $4,000 cash. Land was sold for $5,000 cash. The land had a cost of $3,000; thus there was a $2,000 gain on the sale of the land. The $2,000 gain is included in Net Income. A $5,000 cash payment was made to pay down the Note Payable Long-Term. The April 1 to June 30, 2023 Income Statement showed Net Income of \$30,100. An $8,000 dividend was declared and paid during the period April 1 to June 30, 2023. Use the following to complete this problem: The worksheet in Chapter 11 d - Problem 11 and 12 Blank Cash Flow Worksheet. The form on Tab in the workbook Chapter 12 b-Problem 12-1 to 12-4 Forms. Requirement 1 Prepare a Cash Flow Worksheet for the period April 1 to June 30, 2023. Tips: For this Statement of Cash Flows the period of time is 3 months-April 1 to June 30, 2023. On your Cash Flow Worksheet, split the Equipment U 54,000 into a U 50,000 and a U 4,000. On your Cash Flow Worksheet, combine the two Accumulated Depreciation Source amounts. Requirement 2 Problem 12-4 Statement of Cash Flows for April 1 to June 30, 2023 Problem 12-4 Larry's Landscaping April to June Statement of Cash Flows The follov The following is additional information for the period April 1 to June 30, 2023: $50,000 of Equipment was purchased by issuing a Note to the equipment vendor. No cash was paid to the vendor. $4,000 of Equipment was purchased for $4,000 cash. Land was sold for $5,000 cash. The land had a cost of $3,000; thus there was a $2,000 gain on the sale of the land. The $2,000 gain is included in Net Income. A $5,000 cash payment was made to pay down the Note Payable Long-Term. The April 1 to June 30, 2023 Income Statement showed Net Income of \$30,100. An $8,000 dividend was declared and paid during the period April 1 to June 30, 2023. Use the following to complete this problem: The worksheet in Chapter 11 d - Problem 11 and 12 Blank Cash Flow Worksheet. The form on Tab in the workbook Chapter 12 b-Problem 12-1 to 12-4 Forms. Requirement 1 Prepare a Cash Flow Worksheet for the period April 1 to June 30, 2023. Tips: For this Statement of Cash Flows the period of time is 3 months-April 1 to June 30, 2023. On your Cash Flow Worksheet, split the Equipment U 54,000 into a U 50,000 and a U 4,000. On your Cash Flow Worksheet, combine the two Accumulated Depreciation Source amounts. Requirement 2 