Exercise 04.14 – Witherspoon Incorporated
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Indicate whether cash is involved, classify it as operating, investing, or financing, inflow or outflow.
Indicate whether cash is involved, classify it as operating, investing, or financing, inflow or outflow.
Determine the amount of cash flows, net cash flows, calculate the balance of cash.
Your numbers will vary.
Calculate operating cash flows.
Your numbers will vary.
Calculate investing cash flows.
Your numbers will vary.
Calculate financing cash flows.
Your numbers will vary.
Service revenue for the year is given. Salaries Expense for the year is given, etc. Calculate operating cash flows, net income, and explain.
Your numbers will vary.
Calculate the correct ending balance of cash for Ballet Shoes on August 31 by preparing a bank reconciliation. Record the necessary entry or entries to adjust the balance for cash.
Your numbers will vary.
Given information about company balances, bank balances, and checks outstanding… prepare a bank reconciliation to calculate the ending balance.
Your numbers will vary.
Given the company’s cash ledger for the month and other additional information… prepare a bank reconciliation and record any adjusting entries necessary.
Your numbers will vary.
Given information about how a company and bank record checks and expenses… prepare a bank reconciliation along with recording adjusting entries.
Your numbers will vary.