Cash Flows

Exercise 1 Adriana Lopez, owner of victor Systems, decides to prepare a program line of change Flows for the quarter ending find against 31, 2010. The pursual are the relevant financial statents and extra information. succeeder Systems mastery of Income For the quarter ending bump into 31, 2010 calculator Service tax Net Sales enumerate Revenue Cost of Goods dish out Depreciation disbursal-Office Equipment Depreciation put down-figurer Equipment Wages Expense redress disbursement Rent Expense Computer supplies expense Advertising Expense Mileage Expense Repairs expense-Computer Net Income $25,160.00 $18,693.00 $43,853.00 $14,052.00 $400.00 $1,250.00 $3,250.00 $555.00 $2,475.00 $1,305.00 $600.00 $320.00 $960.00 $25,167.00 $18,686.00 Success Systems Comparative mastery of Financial Position December 31, 2009 and March 31, 2010 2010 Assets Current Assets exchange Accounts Receivable Merchandise Inventory Computer supplies Prepaid indemnity Prepaid Rent Non- current Assets Office Equipment Accumulated Depreciation-Off. Equip Computer Equipment Accumulated Depreciation-Computer Equip ingrained Assets Liabilities & Owners Equity Current Liabilities Accounts overdue Wages Payable Unearned computer services revenue Equity Common stock Retained earnings Total Liabilities & ownersEquity 2009 $77,845.00 $22,720.00 $704.00 $2,005.00 $1,110.00 $825.00 $105,209.00 $8,000.

00 -$800.00 $20,000.00 -$2,500.00 $129,909.00 $58,160.00 $5,668.00 $0.00 $580.00 $1,665.00 $825.00 $66,898.00 $8,000.00 -$400.00 $20,000.00 -$1,250.00 $93,248.00 $0.00 $875.00 $0.00 $1,100.00 $50 0.00 $1,500.00 $108,000.00 $21,034.00 $12! 9,909.00 $83,000.00 $7,148.00 $93,248.00 Required: Prepare a statement of Cash Flows for the Success Systems using the Indirect Method for the period ending March 31, 2010. Recall that the owner Adrian Lopez contributed $25,000 to the business in exchange for one-dimensional shares and received $4,800 in cash dividends. Exercise 2 Wilson Corporation, a merchandiser, recently...If you want to get a full essay, order it on our website: BestEssayCheap.com

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