Adjustment 2 Income Statement Adjustment 1 Cash Flows (if needed) Sales Revenue $ 31,500,000…

Adjustment 2 Income Statement Adjustment 1 Cash Flows (if needed) Sales Revenue $ 31,500,000…
  Adjustment 2 Income Statement Adjustment 1 Cash Flows (if needed) Sales Revenue $ 31,500,000 (1,205,000) (295,000) $ 30,000,000 Cost of Goods Sold (26,250,000)| (1,925,000) 175,000 (28,000,000) Rent Expense (840,000) (180,000) (1,020,000 Utilities Expense (500,000) 0 (500,000) Depreciation Expense (850,000) 850,000 0 Bad Debts Expense (536,000) 536,000 0 Interest Expense (1,300,000) (160,000) (1,460,000 Loss on Sale of Building (640,000) 640,000 0 Gain on Sale of Land 540,000 (540,000) 0 Income Tax Expense (449,600) 244,100 (205,500) Net Income $ 674,400 $ (1,185,500) The worksheet above was created by KnK, Inc. to help prepare the operating section of their statement of cash flows for the year ended Dec 31, 20X5. Using the information in the worksheet, answer the following questions: 1. If Knk reported an Accounts Receivable balance (as of January 1, 20X5) of $6,000,000, what Accounts Receivable balance will be reported on their December 31, 20X5 balance sheet? Accounts Recivable Balance, Dec 31, 20X5 2. If Knk reported an Interest Payable balance (as of January 1, 20X5) of $250,000, what Interest Payable balance will be reported on their December 31, 20X5 balance sheet? Interest Payable Balance, Dec 31, 20X5 3. If Knk reported an Allowance for Doubtful Accounts balance (as of January 1, 20X5) of $775,000, what Allowance balance will be reported on their December 31, 20X5 balance sheet? Allowance for Doubtful Accounts Balance, Dec 31, 20X5 4. Create an operating section using the indirect format. 4. Create an operating section using the indirect format. Indirect Statement of Cash Flows Requirement Complete the operating section of the statement of cash flows below using the indirect format. Western Resources Statement of Cash Flows (Indirect format) For the Period Ended Dec. 31, 20X5 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to cash generated by operating activities: Changes in operating assets and liabilities: Net Cash Inflowl(Outflow) Operating Activities $ 0 May 16 2022 03:12 PM

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 (409) 205-8984

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GURUH