Accounting homework help

NOTE : Use excel or word only. Provide all supporting calculations to show how you arrived at your numbers

Preparing Statement of Cash Flows

 

Boscia Corporation’s balance sheet appears below: Comparative Balance Sheet

 

Ending Balance

Beginning Balance

 

Assets:

 

Cash and cash equivalents …………………….

$ 44

$ 38

 

Accounts receivable …………………………….

82

69

 

Inventory ……………………………………………

71

69

 

Plant and equipment …………………………….

537

500

 

Accumulated depreciation …………………….

( 240)

( 201)

 

Total assets …………………………………………

$494

$475

 

Liabilities and stockholders’ equity:

 

Accounts payable ………………………………..

$ 70

$ 60

 

Wages payable …………………………………….

24

21

 

Taxes payable ……………………………………..

19

22

 

Bonds payable …………………………………….

226

300

 

Deferred taxes ……………………………………..

19

18

 

Common stock …………………………………….

22

20

 

Retained earnings ………………………………..

114

34

 

Total liabilities and stockholders’ equity ..

$494

$475