n. Netcashflowfromoperatingactivities,$147,200($400,000–$252,800) o. Netcashflowfromfinancingactivities,$96,000($160,000–$64,000) p. NetincreaseincashandMay31,2019,cashbalance,$123,200($147,200–$120,000 +$96,000);also,thecashbalanceonthebalancesheet CONTINUING PROBLEM 1. Assets = Liabilities + Equity Peyton Accts. Smith, Fees Cash + Rec. + = Payable + Drawing + Earned – June + + June 2 + + Bal. June – Bal. June + + 350 Bal. 350 June – Bal. 350 June – Bal. 350 June 12 – Bal. 350
n. Netcashflowfromoperatingactivities,$147,200($400,000–$252,800) o. Netcashflowfromfinancingactivities,$96,000($160,000–$64,000) p. NetincreaseincashandMay31,2019,cashbalance,$123,200($147,200–$120,000 +$96,000);also,thecashbalanceonthebalancesheet CONTINUING PROBLEM 1. Assets = Liabilities + Equity Cash + Accts. Rec. + = Payable + – Peyton Smith, Drawing + Fees Earned June + + June 2 + + Bal. June – Bal. June + + 350 Bal. 350 June – Bal. 350 June – Bal. 350 June 12 – Bal. 350
Solution-Manual-for-Financial-Accounting-15th-Edition-by-Warren.docx