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Bailey's Chocolates has provided statements of retained earnings, income statements, and balance

$15.00
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Product Description

CASH FLOW
Bailey's Chocolates has provided statements of retained earnings, income statements, and balance
sheets for the months of January and February 2012. The company wants you to calculate the cash
flow from operating activities for the period ending February 2012 using the indirect method. Using the Indirect Method produce a Cash Flow from Operating Activities.
Cash Flows from Operating Activities (Indirect Method) Net Cash Flow from Operating Activities Bailey's Chocolates Bailey's Chocolates Income Statement
Month Ending January 31, 2012 Income Statement
Month Ending February 29, 2012 Revenue
$ 20,000
Cost of Good Sold
(5,000)
Gross Margin
$ 15,000
Expenses
Salary Expense
900
Supplies Expense
20
Office Equipment Expense
200
Rent Expense
1,000
Insurance Expense
100
Interest Expense-Note
100
Interest Expense-Mortgage
1,000
Depreciation Expense-Building
1,500
Depreciation Expense-Equipment
250
Total Expenses
$ 5,070
Net Income
$ 9,930 Bailey's Chocolates Balance Sheet
Month Ending January 31, 2012 Balance Sheet
Month Ending February 29, 2012 Assets Liabilities Cash
$ 85,260
Accounts receivable
10,600
Inventory
3,220
Supplies
150
Prepaid Office Equipm
150
Prepaid Rent
1,500
Security Deposit
1,500
Prepaid Insurance
400
Total Current Assets $ 102,780 Property, Plant & Equipment Building
500,000
Acc Dep-Bu (1,500)
Equipment
9,000
Acc Dep-E
(250) Revenue
$ 23,000
Cost of Good Sold
(7,000)
Gross Margin
$ 16,000
Expenses
Salary Expense
1,000
Supplies Expense
30
Office Equipment Expense
225
Rent Expense
1,000
Insurance Expense
100
Interest Expense-Note
100
Interest Expense-Mortgage
1,000
Depreciation Expense-Building

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