How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask F. Naz Your Own Question

F. Naz
F. Naz, B.Com
Category: Single Problem
Satisfied Customers: 4135
Experience:  Have completed B.Com and CA Finalist
20040807
Type Your Single Problem Question Here...
F. Naz is online now
A new question is answered every 9 seconds

The following summary transactions occurred during 2011 for

Resolved Question:

The following summary transactions occurred during 2011 for Bluebonnet Bakers:
Cash Received from:
Customers $380,000
Interest on note receivable 6,000
Principal on note receivable 30,000
Sale of investments 50,000
Proceeds from note payable 100,000
Cash Paid for:
Purchase of inventory 160,000
Interest on note payable 5,000
Purchase of equipment 85,000
Salaries to employees 90,000
Principal on notes payable 25,000
Payment of dividends to shareholders 20,000

The balance of cash and cash equivalents at the beginning of 2011 was $17,000.

Required:
Prepare a statement of cash flows for 2011for Bluebonnet Bakers. Use the direct method for reporting operating activities.








BLUEBONNET BAKERS
Statement of Cash Flows
For the Month of January


Cash flows from Operating Activities
Cash inflows:
From Customers $380,000
Interest on notes receivable 6,000
Principal on note receivable 30,000
Sale of investments 50,000
Proceeds from note payable 100,000
Cash flow at beginning of 2011 ( 17,000)
Cash outflows:
Purchase of inventory (160,000)
Interest on notes payable (5,000)
Salaries to employees (90,000)
Principal on notes payable (25,000)
Net cash flows from operating activities $269,000
Cash Flows from investing Activities
Purchase of equipment (85,000)
Cash Flows from Financing Activities
Payment of dividends to shareholders (20,000)
Net cash flows from operating activities 164,000
Cash Flows from Operating Activities:
Cash received from customers $380,000
Cash paid for general administrative expenses (269,000)
Net cash flows from operating activities $111,000
Please help me to organize the report
Submitted: 1 year ago.
Category: Single Problem
Expert:  F. Naz replied 1 year ago.
Have a nice day

click here for solution
F. Naz, B.Com
Category: Single Problem
Satisfied Customers: 4135
Experience: Have completed B.Com and CA Finalist
F. Naz and 5 other Single Problem Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • linda_us

    Master's Degree

    Satisfied Customers:

    769
    Business Analyst and Solution Consultant with over 9 years of experience.
< Last | Next >
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg linda_us's Avatar

    linda_us

    Master's Degree

    Satisfied Customers:

    769
    Business Analyst and Solution Consultant with over 9 years of experience.
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Bachelor's Degree

    Satisfied Customers:

    350
    Finished my BA degree with a GPA of 4.0.
  • http://ww2.justanswer.com/uploads/ED/educatortech/2012-6-7_1256_williams4.64x64.jpg Mr. Gregory White's Avatar

    Mr. Gregory White

    Master's Degree

    Satisfied Customers:

    265
    M.A., M.S. Education / Educational Administration
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    251
    BA degree and Certified Public Accountant
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    B.Com

    Satisfied Customers:

    172
    Have completed B.Com and CA Finalist
  • http://ww2.justanswer.com/uploads/YO/youngda2/2011-12-23_135741_2011012417.37.18.64x64.jpg Dave CPA's Avatar

    Dave CPA

    Accountant

    Satisfied Customers:

    98
    Sound knowledge base in accounting and finance.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg MyVirtualCPA's Avatar

    MyVirtualCPA

    Master's Degree

    Satisfied Customers:

    89
    Master's Degree in Accounting with excellent math and reasoning skills
 
 
 

Related Single Problem Questions