RED, INC. Spreadsheet for the Statement of Cash Flows Dec.31 Dec. 31 Changes 2015 2016 Debits Credits Balance Sheet Assets: Cash 110 86 24 (13) Accounts receivable 132 46 178 (3) Prepaid insurance 3 4 7 (4) Inventory 175 110 285 (5) Buildings and equipment 350 230 180 400 (8) (9) Less: Acc. depreciation (240) 171 50 (119) (9) (2) 530 775 Liabilities: Accounts payable 100 13 87 (6) Accrued expenses payable 11 5 6 (7) Notes payable 0 50 50 (10) Bonds payable 0 160 160 (11) Shareholders' Equity: Common stock 400 400 Retained earnings 19 50 103 72 (12) (1) 530 775
RED, INC. Spreadsheet for the Statement of Cash Flows Dec.31 Changes Dec. 31 2015 Debits Credits 2016 Balance Sheet Assets: Cash 110 (13) 86 24 Accounts receivable 132 (3) 46 178 Prepaid insurance 3 (4) 4 7 Inventory 175 (5) 110 285 Buildings and equipment 350 (8) 230 (9) 180 400 Less: Acc. depreciation (240) (9) 171 (2) 50 (119) 530 775 Liabilities: Accounts payable 100 (6) 13 87 Accrued expenses payable 11 (7) 5 6 Notes payable 0 (10) 50 50 Bonds payable 0 (11) 160 160 Shareholders' Equity: Common stock 400 400 Retained earnings 19 (12) 50 (1) 103 72 530 775