entries journal 3payroll cheque entry pay Federal CCpp entry gov El Misc Benefits cashisking income net up Hes z a b operatingcashflow Investing Financing cashbalanceon thePalacesheet of Beginning period end opferiod O witebecoomed investment as cash asset Gain 150 Investing 125 25 Nl mustsubtractgantoavoiddoubtecounting O1 F O Ot Ot decreased expense prepaid Ft O O Ot F I expense O1 Accordofsalaries Income Net 63000 Amortization expense 10,000 Increase accounts Receivable in in 7000 Decrease accounts Payable 151000 Netcashinflowfromoperatingactivities AIR 61,000 SalesRevenues a collection ifnodringein AIR 2012 2011 11,000 101000 1,000 N1minusFAIR PrepaidExpenses Paid 30 Jun12011 Decs 1,140 951m01 1,200 1001 mo 2012 600 Insonoreonbalsheet Prepaid Insurance expense 95 Gmonths 100 6months insurance 2011 570 570 600 1,170 expense cash outlay 1200 in prepaidinsur Increase cash out 30 30 expense NI minus 9 in prepaidexpense Alp 2012 2011 25,000 24000 account Supplies exp paymenton supplies N1 tooo payment account 1,0009in Alp Cash fromoperatingactivities flow activities cashflowfrom financing n frominvestingactivities inflow outflow Bala Sheet cash noncash cash cash begbalace bookvaluesold Nl stockdividends lossonsale endbat cash dividends recepib cash Balacesheet Retained Beg Earning income net endingRE payments of dividends O4 a endbd a begbet cash Begbalance t acqusitions 105,000 t O X 96,000 10C cash disposals amortization W 9000 18,000 cash issuance 7500 cash acqosition repayment X I 112,500 x 916,5 b BeglongTerm 112,500 endbalance endingbdace 15,000 2 10,500 repayment notepayable DrydenResourcesInc Cashflowstatement indirect FortheyearendedIone50,2010 Cashflowshomoperatingactivities NetIncome non cashitems Amortization expense 120,000 30,000 6010001 incorrentassets increase decreaseincurrentliabilities 10,000 activities Netcashflowtomoperating cashflowstrom activities investing Purchaseofequipment Saleofland activities Netcashflowfrominvesting 40000 801000 180,0007 120,000 40,001 Cashflow fromfinacineactivities cashreceiptsfromissuance paymentofdividends repurchase paymentotholepayable Netcashflowfromfinacingactivities Netcashflow 40,000 12,000 4010001 16010007 42,0001 78,0002 Acqusitionofequipment equipment 1st net 120091 2nd netequip120101 amortexpense equip120091 equipment20091 ofequipment acqusition