Question

Jimenez Computer Equipment, Inc., assembled the following data related to its cash transactions for the year ended June 30, 2012:
Payment of dividends........................................................................... $ 12,000
Proceeds from issuance of stock........................................................... 18,000
Collections from customers................................................................... 210,000
Proceeds from sale of land................................................................... 65,000
Payments to suppliers.......................................................................... 87,000
Purchase of equipment with cash........................................................ 43,000
Payments to employees....................................................................... 71,000
Payment of long-term note payable................................................... 34,000
Prepare Jimenez Computer Equipment’s statement of cash flows for the year ended June 30, 2012 using the direct method. Jimenez Computer Equipment’s cash balance at June 30, 2011 was $16,000.



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  • CreatedApril 29, 2014
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