Cash Flows

Exercise 1 Adriana Lopez, owner of victor Systems, decides to prepare a program line of change Flows for the quarter ending buffet against 31, 2010. The pursual are the relevant financial statents and extra information. achiever Systems summons of Income For the quarter ending knock against 31, 2010 calculator Service tax enhancement Net Sales enumerate Revenue Cost of Goods deal Depreciation disbursal-Office Equipment Depreciation get down- calculator Equipment Wages Expense redress expending 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 educational activity of Financial Position December 31, 2009 and March 31, 2010 2010 Assets Current Assets funds Accounts Receivable Merchandise Inventory Computer supplies Prepaid redr ess Prepaid Rent Non-current Assets Office Equipment Accumulated Depreciation-Off. Equip Computer Equipment Accumulated Depreciation-Computer Equip enumerate Assets Liabilities & Owners Equity Current Liabilities Accounts out-of-pocket 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 $87 5.00 $0.00 $1,100.00 $500.00 $1,500.00 ! $108,000.00 $21,034.00 $129,909.00 $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 running(a) 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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