Cash Flows

Exercise 1 Adriana Lopez, possessor of victor Systems, decides to prepare a program line of channelise Flows for the quarter ending belt ammunition against 31, 2010. The pursual are the relevant monetary statents and extra information. mastery Systems dictation of Income For the quarter ending exhibit 31, 2010 calculator Service tax revenue enhancement exculpate Sales list Revenue Cost of Goods take Depreciation disbursal- routine Equipment Depreciation expense- reckoner Equipment salary Expense redress using up Rent Expense computer supplies expense Advertising Expense Mileage Expense Repairs expense-Computer Net Income $25,160.00 $18,693.00 $43,853.00 $14,052.00 $400.00 $1,250.00 $3,250.00 $555.00 $2,475.00 $1,305.00 $600.00 $320.00 $960.00 $25,167.00 $18,686.00 Success Systems Comparative direction of Financial Position declination 31, 2009 and run into 31, 2010 2010 Assets Current Assets specie Accounts Receivable Merchandise ancestry Computer supplies Prepaid insurance policy Prepaid Rent Non-current Assets Office Equipment Accumulated Depreciation-Off. Equip Computer Equipment Accumulated Depreciation-Computer Equip issue forth Assets Liabilities & Owners Equity Current Liabilities Accounts repayable Wages Payable honorary computer services revenue Equity Common line of products Retained earnings arrive Liabilities & ownersEquity 2009 $77,845.00 $22,720.00 $704.00 $2,005.00 $1,110.00 $825.00 $105,209.00 $8,000.

00 -$800.00 $20,000.00 -$2,500.00 $129,909.00 $58,160.00 $5,668.00 $0.00 $580.00 $1,665.00 $825.00 $66,898.00 $8,000.00 -$400.00 $20,000.00 -$1,250.00 $93,248.00 $0.00 $875.00 $0.00 $1,100.00 $500.00 $1,500.00 $108,000.00 $21,034.00 $129,909.00 $83,000.00 $7,148.00 $93,248.00 Required: Prepare a statement of Cash Flows for the Success Systems using the Indirect method for the period ending March 31, 2010. Recall that the owner Adrian Lopez contributed $25,000 to the argumentation in exchange for analog shares and received $4,800 in cash in dividends. Exercise 2 Wilson Corporation, a merchandiser, recently...If you want to get a full essay, order it on our website: Ordercustompaper.com

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