Fin Documents

Statement of Cash Flows

DELLS CORPORATION Working Paper for Statement of Cash Flows For the Year Ended June 30, 1995 Account Balances 6/30/94 Analysis of Transactions for 1995 Debit Credit Account Balances 6/30/95

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Debits 80 000 100 000 70 000 10 000 200 000 460 000 (2) (3) (4) 60 000 30 000 10 000 (9) 20 000 (0) 50 000 30 000 160 000 100 000 20 000 400 000 710 000

Cash Accounts Receivable Merchandise Inventory Pre_paid Rent Equipment Credits

(10) 220 000

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Accumulated Depreciation Accounts Payable Notes Payable - Bank Salaries payable Federal Income Taxes Payable Common Stock, $10 Par Paid-in capital in excess of Par Retained Earnings Totals Cash Flows from Operating Activities: Net Income Increase in Accounts Receivable Increase in Merchandise Inventory Increase in Prepaid Rent Increase in Accounts Payable Decrease in Salaries Payable Increase in Federal Income Taxes payable Loss on sale of equipment Depreciation expense Cash Flows from Investing Activities: Proceeds from sale equipment Purchases of PPE Cash Flows from Financing Activities: Repayment of Bank Note Proceeds from issuing Common Stock Payment of Cash Dividends Decrease in Cash Totals

50 000 40 000 50 000 20 000 20 000 100 000 -0180 000 460 000

(9) (6) (7)

10 000 50 000 10 000

(11) 20 000 (5) 10 000

60 000 50 000 -010 000

(8)

10 000

30 000 300 000 50 000 210 000 710 000

(12) 200 000 (12) 50 000 (13) 40 000 430 000 (1) 70 000 (2) (3) (4) (5) (8) (9) 10 000 (7) 10 000 7 000 10 000 60 000 30 000 10 000 (1) 70 000 430 000

(11) 20 000 (9) 3 000 (10) 220 000 (6) (12) 250 000 (13) 40 000 (0) 50 000 420 000 420 000 50 000

Edwards, Hermanson, Maher : Principles of Financial & Managerial Accounting, Irwin, Boston, 1993.

Balance Sheet

Current Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Supplies on hand Merchandise inventory Less: Prepaid insurance Prepaid rent Marketable securities Plant, Property & Equipment (PPE) Land Building Less: Accumulated depreciation...