Assignment 1

PIECK Company’s Checkbook Balance

As of December 31, 2020

Reported checbook balance 180,000.00

Adjustments:
Customer's post dated check included in the balance (65,000.00)
Customer's check returned by bank marked DAIF (20,000.00)
Company check recorded but not yet mailed 15,000.00
Cash reported on December 31, 2020 balance sheet 110,000.00
Assignment 2

Eldian Company

12/31/2020
Net Credit Sales 400,000.00
AR 75,000.00
ADA 5,000.00

Date Account Debited

(a) Aug. 10 Allowance for Doubtful Accounts - Mikasa

Sept. 12 Allowance for Doubtful Accounts - Armin

Oct. 10 Accounts Receivable - Mikasa

Cash

Nov. 15 Cash

(b) Dec. 31, 2021 Bad Debts Expense

(c) Balance of Allowance for Doubtful Accounts at December 31, 2021

 Eldian Company

12/31/2021 Allowance for Doubtful Account

500,000.00 10-Aug 1,000.00
95,000.00 12-Sep 4,000.00
1,000.00
5,000.00
Account Credited Dr. Cr.
counts - Mikasa 1,000.00
Accounts Receivable - Mikasa 1,000.00

counts - Armin 4,000.00

Accounts Receivable - Armin 4,000.00

1,000.00
Allowance for Doubtful Accounts - Mikasa 1,000.00

550.00
Accounts Receivable - Mikasa 550.00

450.00
Accounts Receivable - Mikasa 450.00

4,000.00
Allowance for Doubtful Accounts 4,000.00

s at December 31, 2021 1,000.00

ance for Doubtful Accounts
5,000.00 Beg
1,000.00 10-Oct

6,000.00
1,000.00
Assignment 3

Bertoto Company
Statement of Cash Flows-Operating
For the year ended Deceber 31, 2020

Cash flows from operating activities

Net Income
Add:
Depreciation Expense 45,000.00
Increase in Prepaid Expenses 1,000.00
Equipment 2,000.00
Total

Less:
Increase in Accounts Receivable
Net cash flows from operating activities
204,000.00

48,000.00

252,000.00
(9,000.00)
243,000.00
Assignment 4

Historia Company
Statement of Cash Flows-Investing
For the year ended December 31, 2020

Cash flows from investing activities

Add:
Sale of Building 132,000.00
Sale of Investments 45,000.00
Total
Less:
Purchase of land and building
Net cash flows used in investing activities
177,000.00

(320,000.00)
(143,000.00)
Assignment 5

Ereh Company
Statement of Cash Flows-Financing
For the year ended December 31, 2008

Cash flows from financing activities

Add: Issuance of common stock 14,000.00
Sale of treasury stock 2,000.00
Total 16,000.00

Less:
Dividends paid (2,000.00)
Issuance of notes payable (30,000.00)
Total (32,000.00)
Net cash flow provided by financing activities 16,000.00