Jelly Bean, Inc. began 2024 with cash of $58,000. During the year, Jelly Bean earned revenue of
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Jelly Bean, Inc. began 2024 with cash of $58,000. During the year, Jelly Bean earned revenue of $595,000 and collected $614,000 from customers. Expenses for the year totaled $427,000, of which Jelly Bean paid $212,000 in cash to suppliers and $205,000 in cash to employees. Jelly Bean also paid $148,000 to purchase equipment and a cash dividend of $57,000 to its stockholders during 2024. Prepare the company’s statement of cash flows for the year ended December 31, 2024. Format operating activities by the direct method.
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Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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