Reference no: EM132203917
SALLY COMPANY
BALANCE SHEET ACCOUNTS
December 31, 2012 and 2011
Debit Accounts 12/31/2012 12/31/2011
Cash 10,000 5,000
Accounts Receivable 20,000 19,000
Merchandise Inventory 13,000 10,000
Buildings 110,000 70,000
Land 34,000 4,000
Totals 187,000 108,000
Credit Accounts
Accounts Payable 3,000 8,000
Accum Depre-Buildings 40,000 25,000
Bonds Payable (due 2050) 32,000 20,000
Common Stock ($1 par value) 76,000 35,000
Retained Earnings 36,000 20,000
Totals 187,000 108,000
SALLY COMPANY
INCOME STATEMENT
For The Year Ended December 31, 2012
Sales132,000
Cost of Goods Sold93,000
Depreciation Expense15,000
Net Income24,000
Additional Data:
1. Sally declared and paid cash dividends of $8,000 during 2012.
2. Issued $12,000 of Bonds Payable at face value during 2012 for cash.
3. Purchased Land during 2012 for cash.
4. Issued 41,000 shares of common stock at par for cash during 2012.
5. Constructed an addition to the Buildings during 2012 for cash.
What is the net amount of cash received or provided by during 2012 for investing activities, financing activities, and operating activities?
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What is the size of the equal installments
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Consider the financial statement data
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What is the net amount of cash received or provided
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What is the cost of goods sold
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What is the required adjusting entry at december
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Amount to be repaid to bondholders on the maturity date
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