[SOLUTION] Sales and Purchases

On March 31st, 2021 the company purchased 2 new vehicles for a total amount of 80.000$. The company paid cash. The estimated useful life of said vehicles is 5 years, no salvage value.The company uses the straight line method for depreciation purposes. Also the half-year convention is applied.All the sales and purchases of the company are made on account at 30 days.The note payable was contracted on December 31, 2020 and bears 5% interests to be paid as a lump sum at maturity, in June 15, 2022.Salaries are paid the 5th day of each monthTaxes (25% rate) are paid at the end of June.Questions:1.- Prepare a complete depreciation schedule for the vehicles purchased in 2021 (15 points)2.- Prepare the income statement for year 2021 (20 points)3.- Prepare the Balance Sheet for 2021 (20 points)4.- Prepare Cash Flow Statement for 2021 (30 points)5.- Explain what are the most important factors in this case that explain the difference between Net income and Cash Flow. (15 points)RubricsDescriptor 9-10 The student demonstrates an excellent understanding of theconcepts. 8-8.9 The student demonstrates a good understanding of the concepts. 7-7.9 The student demonstrates a fair understanding of the concepts. 6-6.9 The student demonstrates some, but insufficient understanding of theconcepts. 3-5.9 The student demonstrates insufficient understanding of the concepts.They may mention some relevant ideas or concepts, although it is clear that the relationship between them is not understood by the student1-2.9 The student demonstrates insufficient understanding of the concepts and does not mention any relevant ideas or concepts.0 The student leaves the question blank or cheats.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[SOLUTION] Sales and Purchases
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
Thank you for a great paper.
Customer 452707, August 6th, 2022
Technology
i would like if they would attach the turnin report with paper
Customer 452901, August 17th, 2023
DISCUSSION D SCIENCE 210
GREAT
Customer 452813, June 28th, 2022
Nursing
Amazing as always!!! :)
Customer 452453, March 16th, 2023
Social Work and Human Services
Excellent
Customer 452587, July 28th, 2021
Human Resources Management (HRM)
Thank you for doing such an awesome job.
Customer 452701, June 30th, 2023
Social Work and Human Services
Great Work!
Customer 452587, September 8th, 2021
Exploring Gender in Science, Technology, and Mathematics
Very good work
Customer 452769, July 2nd, 2022
Social Work and Human Services
Excellent Work!
Customer 452587, July 28th, 2021
Other
AWESOME
Customer 452813, June 19th, 2022
Psychology
Excellent!!!!
Customer 452587, July 28th, 2021
Nursing
Great! Thanks again!
Customer 452707, July 4th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now