Problem 21–19 (continued)
INCOME STATEMENT ACCOUNTS
Sales Dividend Revenue
________________________ ________________________________
Cost of Goods Sold Salaries Expense
________________________ ________________________________
Depreciation Expense Bad Debt Expense
________________________ ________________________________
Interest Expense Loss on Sale of Building
________________________ ________________________________
Income Tax Expense Net Income (Income Summary)
________________________ ________________________________
Problem 21–19 (concluded)
DUX COMPANY
Statement of Cash Flows
For year ended December 31, 2018 ($ in 000s)
Cash flows from operating activities:
Cash inflows:
From customers $202
Cash flows from investing activities:
Sale of building 7
Cash flows from financing activities:
Sale of bonds payable 25
Net increase in cash 13
Noncash investing and financing activities:
BALANCE SHEET ACCOUNTS
Problem 21–20
Cash (Statement of Cash Flows)
_______________________________________________________________
205
Operating Activities:
Investing Activities:
Financing Activities:
Accounts Receivable Inventory
________________________ ________________________________
Land Accumulated Depr.-Buildings
________________________ ________________________________
Equipment Accumulated Depr.-Equipment
________________________ ________________________________
Problem 21–20 (continued)
Patent Accounts Payable
________________________ ________________________________
Accrued Expenses Payable Lease Liability–Land
________________________ ________________________________
Common Stock Paid-in Capital
________________________ ________________________________
Retained Earnings
________________________
X Noncash investing and financing activity.
Problem 21–20 (continued)
INCOME STATEMENT ACCOUNTS
Sales Gain on Sale of Land
________________________ ________________________________
Cost of Goods Sold Depreciation Expense—Build.
________________________ ________________________________
Depreciation Expense—Equip. Loss on Sale of Equipment
________________________ ________________________________
Amortization of Patent Operating Expenses
________________________ ________________________________
Net Income (Income Summary)
________________________
Problem 21–20 (concluded)
METAGROBOLIZE INDUSTRIES
Statement of Cash Flows
For year ended December 31, 2018 ($ in 000s)
Cash flows from operating activities:
Cash inflows:
From customers $2,495
Cash outflows:
Cash flows from investing activities:
Purchase of equipment (900)
Cash flows from financing activities:
Payment on lease liability (20)
Net increase in cash 205
Noncash investing and financing activities:
BALANCE SHEET ACCOUNTS
Cash (Statement of Cash Flows)
_________________________________________________________________
28
Operating Activities:
From customers (1) 414 200(4)To suppliers of goods
Investing Activities:
Financing Activities:
Sale of preferred stock (18) 75 7 (15)Payment on lease liability
Accounts Receivable
________________________
4
__________
4(1)
Prepaid Insurance Inventory
________________________ ________________________________
45
__________
4(8) (4) 5
Problem 21–21
Problem 21–21 (continued)
Investment Revenue Receivable Long-term Investments
________________________ ________________________________
Land Buildings and Equipment
________________________ ________________________________
Accumulated Depreciation Patent
________________________ ________________________________
Accounts Payable Salaries Payable
________________________ ________________________________
Bond Interest Payable Income Tax Payable
________________________ ________________________________
X Noncash investing and financing activity.
Problem 21–21 (continued)
Deferred Tax Payable Notes Payable
________________________ ________________________________
Lease Liability Bonds Payable
________________________ ________________________________
Discount on Bonds Common Stock
________________________ ________________________________
Paid-in Capital Preferred Stock
________________________ ________________________________
10 75
__________
10 (17) 75 (18)
Retained Earnings Treasury Stock
________________________ ________________________________
X Noncash investing and financing activity.