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JulsSmile [24]
3 years ago
5

Ayayai Corp. had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and p

aid wages expense of $112800. 3. Acquired land by issuing common stock of par value $94000. 4. Declared and paid a cash dividend of $18800. 5. Sold a long-term investment (cost $5640) for cash of $5640. 6. Recorded cash sales of $752000. 7. Bought inventory for cash of $300800. 8. Acquired an investment in Zynga stock for cash of $39480. 9. Converted bonds payable to common stock in the amount of $940000. 10. Repaid a 6-year note payable in the amount of $413600. What is the net cash provided by operating activities
Business
1 answer:
Ainat [17]3 years ago
4 0

Answer:$33,800

Explanation:

Sold investment - acquired investment

=5640 - 39,480= $33,800

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3 years ago
Difference between bookkeeping and accounting in table​
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Explanation:

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3 0
2 years ago
The following information pertains to Crane Video Company.
AlekseyPX

Answer:

A. Cash balance per bank $ 9,066

Cash balance per books $9,066

B.Jul'31

Dr Cash $1,216

Dr Expenses for collection $ 26

Cr Note receivables $ 1,200

Cr Interest revenue $ 42

Jul'31

Dr Miscellaneous Expenses $ 34

Cr Cash $ 34

Explanation:

A. Preparation of Bank Reconciliation at July 31

BANK RECONCILIATION

Cash balance per bank, July 31, $7,863

Add Deposit in transit $ 1,800

Less Outstanding checks ($597)

Adjusted cash balance $ 9,066

Cash balance per books, July 31 $7,884

Collection of note receivable $1,216

($1200+$42-$26)

Less Bank service charge ($34)

Adjusted cash balance $ 9,066

B. Preparation of the adjusting journal entries at July 31 on the books of Crane Video Company

JOURNAL ENTRIES

Jul'31

Dr Cash $1,216

Dr Expenses for collection $ 26

Cr Note receivables $ 1,200

Cr Interest revenue $ 42

(To record note collection by bank)

Jul'31

Dr Miscellaneous Expenses $ 34

Cr Cash $ 34

(To record bank service charges)

8 0
3 years ago
Blossom, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
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Answer:

The Journal entry with their narrations shown below:-

Explanation:

The Journal Entry is shown below:-

1. Petty cash Dr, $271

       To Cash $271

(Being establishment of petty cash fund is recorded)

2. Freight-in Expenses(delivery charges) Dr, $76

Supplies expenses Dr, $41

Postage expenses Dr, $49

Loan to employees (Accounts receivable) Dr, $33

Miscellaneous expenses Dr, $52

Cash short and over Dr, $8

         To Cash                              $259

($271 - $12)

(Being disbursement of cash is recorded)

3. Petty cash Dr,  $116

       To cash  $116

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3 years ago
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