Matakuliah
Tahun
: V0232 – Akuntansi Keuangan Hotel
: 2009
EXERCISES
Week 5
EXERCISES
6.7 Each of the following items must be considered in preparing a
statement of cash flows for Janeway Travel for the year ended
December 31, 2008. For each
items, state how its should be
shown in the statement of cash flow for 2008.
(a) Issued bond for $300,000 cash
(b) Purchased equipment for $140,000 cash
6.8 The comparative balance sheet for Mogilny Tours
following change in non cash current assets account:
receivable the decrease $75,000;
Prepaid expense
$16,000; and invetorie increase $30,000. Compute net
provided buy operating activities using indirect method,
that net income is $250,000.
show the
Accounts
increase
cash
assuming
6.9
Classify the following item as and operating, an investing, or a financing
activity. Assume all item involve cash un less there is information to the
contrary.
(a) Purchase of equipment
(b) Sale of building
6.10
Antonie Winery Had the following transaction during 2008:
1. Issued $50,000 par value common stock for cash.
2. Collected $11,000 of account receivable
3. Declare and paid a cash dividend of $25,000
4. Sold a long-item investment with a cost of $15,000 for $15,000 cash.
5. Issued $200,000 par value common stock upon conversion of bonds
having a face value of $200,000
6. Paid $14,000 on account payable
7. Purchase a machine for $30,000, giving a long term note in exchange.
Instruction
Analyze the seven transaction, and indicated whether each transaction
resulted in a cash flow from
(a) Operating activities,
(b) Investing activities
6.11
Duggans Sport bar reporter net income of $195,000 for the
2008. Duggans
also reported depreciation expense of $25,000
snd loss of $5,000 on the sale
of
equipment.
The
comparative balance sheets show an increasein accounts
receivable of $15,000 for the year, an $8,000 increase in
accounts payable, and a decrease in prepaid of $7,000.
Instruction:
Prepare the operating activities section of the statements of cash
flows
for 2008 using the indirect method.
6.12 The current section of Blues Traveler Co. balance sheet at
December 31,
2007 and 2008 are presented below:
6.12 The current section of Blues Traveler Co. balance sheet at
December 31, 2007 and 2008 are presented below:
BLUES TRAVELER Co.
Comparative Balance Sheet (partial)
December 31
2008
Current Assets
Cash
Accounts receivable
Inventory
Prepaid expense
Total current assets
Current Liabilities
Accurued expense payable
Account Payable
Total current liabilities
2007
$105,000
110,000
171,000
27,000
$413,000
$ 99,000
85,000
186,000
32,000
$402,000
$ 15,000
88,000
$103,000
$ 5,000
92,000
$ 97,000
Blues Traveler’s net income for 2008 was $163,000. Depreciation
expense was $30,000.
Instruction:
Prepare the operating activities section of Blues Traveler’s
statementof cash flows for the year ended December 31, Using the
indirect method.