Ledger Of Splish Company Case Essay

February 15, 2022

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Instructions

Ledger Of Splish Company Case Essay

Question Description

The accounts below appear in the ledger of Splish Company.

Retained Earnings Dr. Cr. Bal.

Jan. 1, 2017 Credit Balance $42,300

Aug. 15 Dividends (cash) $15,100 27,200

Dec. 31 Net Income for 2017 $39,700 66,900

Equipment Dr. Cr. Bal.

Jan. 1, 2017 Debit Balance $139,800

Aug. 3 Purchase of Equipment $61,800 201,600

Sept. 10 Cost of Equipment Constructed 47,900 249,500

Nov. 15 Equipment Sold $55,900 193,600

Accumulated Depreciation—Equipment Dr. Cr. Bal.

Jan. 1, 2017 Credit Balance $84,900

Apr. 8 Major Repairs $21,100 63,800

Nov. 15 Accum. Depreciation on Equipment Sold 25,100 38,700

Dec. 31 Depreciation for 2017 $17,000 55,700

From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on sale of equipment (November 15) was $5,900. (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000).)

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support

91-84 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%
40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%
37-1 points

The background and/or significance are missing. No search history information is provided.
75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met

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