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16A, E12-20A)
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This Tutorial contains Excel Files which can be used to solve for
any values (your Question may have different company name or
values, but that can be solved using Excel file)
E10-19A
Army Navy Sporting Goods is authorized to issue 10,000 shares of
common stock. During a two-month period, Army Navy completed
these stock-issuance transactions:
Apr 23 Issued 3,000 shares of $1.00 par common stock for cash of
$13.00 per share.
May 12 Received inventory with a market value of $20,000 and
equipment with market
value of $39,000 for 3,600 shares of the $1.00 par common
stock.Requirements
1. Journalize the transactions.
2. Prepare the stockholders' equity section of
Army Navy Sporting Goods' balance sheet for the transactions
given in this exercise. Retained Earnings has a balance of
$45,000.
E10-25A (similar to) Question Help
Ontario Manufacturing, Inc., reported the following at December
31, 2014 and December 31, 2015:
Stockholders' Equity
E12-16A
E12-20A
The income statement and additional data of Newton Travel
Products, Inc., follow:
Requirements
1. Prepare
Newton Travel Products's statement of cash flows for the year
ended December 31,
2014, using the indirect method.
2. Evaluate Noel' cash flows for the year. In your evaluation,
mention all three categories of
cash flows and give the reason for your evaluation.
Requirement 2. Evaluate
Newton's cash flows for the year. In your evaluation, mention all
three categories of cash flows and give the reason for your
evaluation. Newton's .