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.

So much stress and so little time? Take care of yourself: let us help you with your task on
Sales and Purchases
Get a 20% Discount on this Paper
Get Help 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 Do My Homeworkk
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
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business and administrative studies
Thank you so much for your help!!!!!
Customer 452519, November 9th, 2022
Leadership Studies
This is great! Thanks a bunch
Customer 452485, March 1st, 2022
Education
Looks good. Thank you!
Customer 452523, September 27th, 2022
Classic English Literature
THANK YOU SO MUCH!!!! :)
Customer 452493, April 19th, 2022
Other
Thank you!
Customer 452493, May 29th, 2022
Business Studies
I can't even explain how much your help meant to me. Thnk you always
Customer 452443, November 15th, 2021
Classic English Literature
Much appreciated - thank you very much!
Customer 452493, April 13th, 2022
Nursing
Great services.
Customer 452443, November 22nd, 2021
Finance
Excellent. Thnk you
Customer 452443, October 22nd, 2021
Nursing
Excellent! Followed directions and completed a great paper
Customer 452445, August 22nd, 2021
Nursing
Looks good. Thank you!!!
Customer 452503, April 25th, 2022
Economics
Thank you - much appreciated!
Customer 452493, April 2nd, 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

Order your essay today and save 15% with the discount code ESSAYHELP