rev: 03-01-2011 1. value: 2.00 points Required information Show the effects of t
ID: 2445593 • Letter: R
Question
rev: 03-01-2011
1.
value:
2.00 points
Required information
Show the effects of the above transactions in a horizontal statements model like the one shown below. When you record amounts in the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), financing activity (FA), or Net Cash (NC). The letters NA indicate that an element is not affected by the event. (Round your final answers to the nearest dollar amount. Negative amounts should be indicated with a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
References
eBook & Resources
The following transactions apply to Baker Co. for 2010, its first year of operations.Explanation / Answer
Cash Acct. Rece. Allow Note Rec. Int. Rec. Com Stock Ret. Ear. Rev Exp Net Inc Cash Flow 1 140,000 140,000 140,000 IA 2 90,000 90,000 90,000 NA 3 74,000 -74,000 74,000 OA 4 -15,000 15,000 -15,000 IA 5 -34,000 -34,000 34,000 -34,000 OA 6 -3,500 -3,500 -3,500 FA 7 500 500 500 NA 8 900 -900 900 NA 55,100
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