Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 7.00

Amanda Aguilar Design Studio, Inc.

(Learning Objectives 2, 3, 4: Prepare the statement of cash flows—indirect and direct methods) The comparative balance sheets of Amanda Aguilar Design Studio, Inc., at June 30, 2014, and 2013, and transaction data for fiscal 2014, are as follows:

 

Transaction data for the year ended June 30, 2014, follows:

a. Net income, $63,800

b. Depreciation expense on equipment, $13,900

c. Purchased long-term investment with cash, $4,800

d. Sold land for $50,400, including $6,400 loss

e. Acquired equipment by issuing long-term note payable, $15,000

f. Paid long-term note payable, $60,700

g. Received cash for issuance of common stock, $8,200

h. Paid cash dividends, $38,100

i. Paid short-term note payable by issuing common stock, $5,400

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 01:07 PM My Price 7.00

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