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PART II: Open-ended Problems Instructions: Determine a solution for each problem. Unless specifically instructed to do otherwise, enter your final numerical answer on the THPS-2 Answer Submission Form on iCollege as follows: enter dollar answers rounded, if necessary, to the nearest whole dollar but do not include a dollar sign or any commas (for example, enter $23,306.84 as 23307); enter percent answer rounded to 1 decimal place, without a percent sign and without any commas (for example, enter 0.274324 = 27.4324% as 27.4); if your answer is a negative amount, put a hyphen before your number with no space between the hyphen and the number (for example, enter negative 72.3984 as -72.4). USE THE INFORMATION BELOW TO ANSWER QUESTIONS 21-23 Fertzil's Fertilizer Store, Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2021 and 2022 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Notes payable Accounts payable Wage & Tax accruals Current portion of L.T. Debt Current liabilities L.T. Debt Common stock ($2 par) Paid-in-capital Retained earnings Total Liabilities and Equity Income Statement data for selected years: Net income Depreciation 2021 200 1,500 3,800 5,500 9,000 14,500 300 1,100 500 100 2,000 4,600 2,000 1,200 4,700 14,500 2021 $ 3,900 $ 1,200 21. Calculate the Net Cash Flows from Operating Activities for 2022. 22. Calculate the Net Cash Flows from Investing Activities for 2022. 23. Calculate the Net Cash Flows from Financing Activities for 2022. 2022 100 1,200 4,600 5,900 11,800 17,700 500 1,300 300 300 2,400 5,200 1,600 1,000 7,500 17,700 2022 $ 4,200 $ 1,300

PART II: Open-ended Problems Instructions: Determine a solution for each problem. Unless specifically instructed to do otherwise, enter your final numerical answer on the THPS-2 Answer Submission Form on iCollege as follows: enter dollar answers rounded, if necessary, to the nearest whole dollar but do not include a dollar sign or any commas (for example, enter $23,306.84 as 23307); enter percent answer rounded to 1 decimal place, without a percent sign and without any commas (for example, enter 0.274324 = 27.4324% as 27.4); if your answer is a negative amount, put a hyphen before your number with no space between the hyphen and the number (for example, enter negative 72.3984 as -72.4). USE THE INFORMATION BELOW TO ANSWER QUESTIONS 21-23 Fertzil's Fertilizer Store, Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2021 and 2022 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Notes payable Accounts payable Wage & Tax accruals Current portion of L.T. Debt Current liabilities L.T. Debt Common stock ($2 par) Paid-in-capital Retained earnings Total Liabilities and Equity Income Statement data for selected years: Net income Depreciation 2021 200 1,500 3,800 5,500 9,000 14,500 300 1,100 500 100 2,000 4,600 2,000 1,200 4,700 14,500 2021 $ 3,900 $ 1,200 21. Calculate the Net Cash Flows from Operating Activities for 2022. 22. Calculate the Net Cash Flows from Investing Activities for 2022. 23. Calculate the Net Cash Flows from Financing Activities for 2022. 2022 100 1,200 4,600 5,900 11,800 17,700 500 1,300 300 300 2,400 5,200 1,600 1,000 7,500 17,700 2022 $ 4,200 $ 1,300

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 1M: The general ledger of Jay Consulting shows the following balances at July 31: Jay has asked you to...
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PART II: Open-ended Problems Instructions: Determine a solution for each problem. Unless specifically instructed to do otherwise, enter your final numerical answer on the THPS-2 Answer Submission Form on iCollege as follows: enter dollar answers rounded, if necessary, to the nearest whole dollar but do not include a dollar sign or any commas (for example, enter $23,306.84 as 23307); enter percent answer rounded to 1 decimal place, without a percent sign and without any commas (for example, enter 0.274324 = 27.4324% as 27.4); if your answer is a negative amount, put a hyphen before your number with no space between the hyphen and the number (for example, enter negative 72.3984 as -72.4). USE THE INFORMATION BELOW TO ANSWER QUESTIONS 21-23 Fertzil's Fertilizer Store, Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2021 and 2022 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Notes payable Accounts payable Wage & Tax accruals Current portion of L.T. Debt Current liabilities L.T. Debt Common stock ($2 par) Paid-in-capital Retained earnings Total Liabilities and Equity Income Statement data for selected years: Net income Depreciation 2021 200 1,500 3,800 5,500 9,000 14,500 300 1,100 500 100 2,000 4,600 2,000 1,200 4,700 14,500 2021 $ 3,900 $ 1,200 21. Calculate the Net Cash Flows from Operating Activities for 2022. 22. Calculate the Net Cash Flows from Investing Activities for 2022. 23. Calculate the Net Cash Flows from Financing Activities for 2022. 2022 100 1,200 4,600 5,900 11,800 17,700 500 1,300 300 300 2,400 5,200 1,600 1,000 7,500 17,700 2022 $ 4,200 $ 1,300
Transcribed Image Text:PART II: Open-ended Problems Instructions: Determine a solution for each problem. Unless specifically instructed to do otherwise, enter your final numerical answer on the THPS-2 Answer Submission Form on iCollege as follows: enter dollar answers rounded, if necessary, to the nearest whole dollar but do not include a dollar sign or any commas (for example, enter $23,306.84 as 23307); enter percent answer rounded to 1 decimal place, without a percent sign and without any commas (for example, enter 0.274324 = 27.4324% as 27.4); if your answer is a negative amount, put a hyphen before your number with no space between the hyphen and the number (for example, enter negative 72.3984 as -72.4). USE THE INFORMATION BELOW TO ANSWER QUESTIONS 21-23 Fertzil's Fertilizer Store, Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2021 and 2022 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Notes payable Accounts payable Wage & Tax accruals Current portion of L.T. Debt Current liabilities L.T. Debt Common stock ($2 par) Paid-in-capital Retained earnings Total Liabilities and Equity Income Statement data for selected years: Net income Depreciation 2021 200 1,500 3,800 5,500 9,000 14,500 300 1,100 500 100 2,000 4,600 2,000 1,200 4,700 14,500 2021 $ 3,900 $ 1,200 21. Calculate the Net Cash Flows from Operating Activities for 2022. 22. Calculate the Net Cash Flows from Investing Activities for 2022. 23. Calculate the Net Cash Flows from Financing Activities for 2022. 2022 100 1,200 4,600 5,900 11,800 17,700 500 1,300 300 300 2,400 5,200 1,600 1,000 7,500 17,700 2022 $ 4,200 $ 1,300
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