Questions by jaylin19 - Page 27
6(3c - 5d + 6) =6(3c5d+6)=6, left parenthesis, 3, c, minus, 5, d, plus, 6, right parenthesis, equals
Ayayai Inc. had the following balance sheet at December 31, 2019. AYAYAI INC. BALANCE SHEET DECEMBER 31, 2019 Cash $ 21,940 Accounts payable $ 31,940 Accounts receivable 23,140 Bonds payable 42,940 Investments 32,000 Common stock 101,940 Plant assets (net) 82,940 Retained earnings 25,140 Land 41,940 $201,960 $201,960 During 2020, the following occurred. 1. Ayayai liquidated its available-for-sale debt investment portfolio at a loss of $6,940. 2. A tract of land was purchased for $39,940. 3. An additional $30,000 in common stock was issued at par. 4. Dividends totaling $11,940 were declared and paid to stockholders. 5. Net income for 2020 was $36,940, including $13,940 in depreciation expense. 6. Land was purchased through the issuance of $31,940 in additional bonds. 7. At December 31, 2020, Cash was $72,140, Accounts Receivable was $43,940, and Accounts Payable was $41,940.In an Excel spreadsheet:Prepare a statement of cash flows for the year 2015 for Lander.Prepare the balance sheet as it would appear as of December 31, 2015.