Attachment # 00002078 - CompProblem4-Part4.xlsx
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Using the Indirect Method produce a Cash Flow from Operating Activities.Cash Flows from Operating Activities (Indirect Method)Net IncomeNet Cash Flow from Operating ActivitiesIncome Statement Month Ending January 31, 2012Month Ending February 29, 2012RevenueCost of Good SoldGross MarginExpensesSalary ExpenseSupplies ExpenseOffice Equipment ExpenseRent ExpenseInsurance ExpenseInterest Expense-NoteInterest Expense-MortgageDepreciation Expense-BuildingDepreciation Expense-EquipmentTotal ExpensesBalance SheetAssetsLiabilitiesCurrent AssetsCurrent LiabilitiesCashAccounts PayableAccounts receivableSalary PayableInventoryTotal Current LiabSuppliesPrepaid Office EquipmentPrepaid RentNotes PayableSecurity DepositInt Pay-NotePrepaid InsuranceMortgage PayableTotal Current AssetsInt Pay-MortTotal LT LiabilitiesProperty, Plant & EquipmentTotal LiabilitiesBuildingAcc Dep-BuildingShareholder's EquityEquipmentCommon StockAcc Dep-EquipmentAPIC-CommonTotal PP & ERetained EarningsTotal EquityTotal AssetsTotal Liab & EquityLong-Term LiabilitiesBailey's ChocolatesLess WithdrawalsStatement of Retained EarningsRetained earnings, January 31, 2012Retained earnings, February 29, 2012Net Gain, January 31, 2012Retained earnings, January 1, 2012Retained earnings, February 1, 2012Increase in Retained EarningsNet Gain, February 1, 2012Less Withdrawals (Dividends)Bailey's Chocolates has provided statements of retained earnings, income statements, and balance sheets for the months of January and February 2012. The company wants you to calculate the cashflow from operating activities for the period ending February 2012 using the indirect method.Comprehensive Problem 4: Part 4
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Question # 00028873 Posted By: M61JRC Updated on: 10/21/2014 06:57 PM Due on: 10/31/2014
Subject Accounting Topic Accounting Tutorials:
Question
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You are an accountant and have two clients you’ll be dealing with during this assignment. JumpinJehosaPhats is a haberdashery (Google it!), and is owned by J.J. Phats. JJ is expanding the company and is in need of advice. He has come to you to discuss the future of the company.

Part 1 – Incorporating (25% of grade)

Discuss in detail the requirements of incorporating the business, the advantages and disadvantages, and provide JJ with recommendations.

Part 2 – Account Prep (25% of grade)

Using the data provided, create the owner’s equity accounts and the shareholder’s equity section of the balance sheet after the incorporation of JumpinJehosaPhats.

Part 3 – Expansion Considerations (25% of grade)


JJ is in need of raising money to expand the company and has identified the methods that he is considering. Using the information provided, calculate any burden to the corporation and provide recommendations to JJ concerning his options.


Part 4 – Cash Flow (25% of grade)


Your second client, Bailey’s Chocolates, is asking you to produce a Cash flow from Operating Activities. Using the Indirect Method and the information provided, calculate the cash flow from Operating Activities.


Be sure to cite your resources and include supporting calculations and evidence to support your positions.


PLEASE SEE AND USE ATTACHMENTS for parts 2,3,4


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Attachments
CompProblem4-Part2.docx (26.23 KB)
CompProblem4-Part3.docx (27.86 KB)
CompProblem4-Part4.xlsx (19.38 KB)
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  1. neil2103
    Tutorial # 00028298 Posted By: neil2103 Posted on: 10/22/2014 12:42 AM
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