Question

Refer to the information reported about Satu Company in Problem.
In problem
Additional Information on Year 2015 Transactions
a. Purchased equipment for $30,250 cash.
b. Issued 3,000 shares of common stock for $21 cash per share.
c. Declared and paid $60,000 of cash dividends.
Required
Prepare a complete statement of cash flows using a spreadsheet as in Exhibit 16A.1; report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events.
a. Net income was $202,767.
b. Accounts receivable decreased.
c. Inventory increased.
d. Accounts payable decreased.
e. Income taxes payable decreased.
f. Depreciation expense was $15,700.
g. Purchased equipment for $30,250 cash.
h. Issued 3,000 shares at $21 cash per share.
i. Declared and paid $60,000 of cash dividends.


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  • CreatedApril 23, 2015
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