JCB,Inc.has completed the Dec.31,2012 income statement,balance sheet,and retained earnings statement.The spreadsheet for the Statement of Cash Flows (direct method) has been started below.Complete the spreadsheet. Additional data:
1.Purchased capital asset for $80 cash.
2.Sold capital asset for $150 cash (cost- $200; Acc.Depr.- $70).
3.Issued 10 common shares (MV - $15/share) to retire L-T notes payable.
4.Issued L-T notes payable for $100 cash.
5.Declared and paid cash dividends of $60.
Operating Activities:
Investing Activities:
Financing Activities:
Noncash Exchanges:
Incr.(Decr) in cash

Question

JCB,Inc.has completed the Dec.31,2012 income statement,balance sheet,and retained earnings statement.The spreadsheet for the Statement of Cash Flows (direct method) has been started below.Complete the spreadsheet.  Additional data:
1.Purchased capital asset for $80 cash.
2.Sold capital asset for $150 cash (cost- $200; Acc.Depr.- $70).
3.Issued 10 common shares (MV - $15/share) to retire L-T notes payable.
4.Issued L-T notes payable for $100 cash.
5.Declared and paid cash dividends of $60.
Operating Activities:
Investing Activities:
Financing Activities:
Noncash Exchanges:
Incr.(Decr) in cash

Quizplus · Accepted Answer

The Answer of JCB,Inc.has completed the Dec.31,2012 income statement,balance sheet,and retained earnings statement.The spreadsheet for the Statement of Cash Flows (direct method) has been started below.Complete the spreadsheet.  Additional data:
1.Purchased capital asset for $80 cash.
2.Sold capital asset for $150 cash (cost- $200; Acc.Depr.- $70).
3.Issued 10 common shares (MV - $15/share) to retire L-T notes payable.
4.Issued L-T notes payable for $100 cash.
5.Declared and paid cash dividends of $60.
Operating Activities:
Investing Activities:
Financing Activities:
Noncash Exchanges:
Incr.(Decr) in cash

JCB,IncHas Completed the Dec