The following transactions pertain to the operations of Ewing Company for Year 1 : Acquired $ 3
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Question:
The following transactions pertain to the operations of Ewing Company for Year :
Acquired $ cash from the issue of common stock.
Provided $ of services on account.
Paid $ cash on accounts payable.
Performed services for $ cash.
Collected $ cash from accounts receivable.
Incurred $ of operating expenses on account.
Paid $ cash for one years rent in advance.
Paid a $ cash dividend to the stockholders.
Paid $ cash for supplies to be used in the future.
Recognized $ of accrued salaries expense.
Required:
Classify the cash flows from these transactions as operating activities OA investing activities IA or financing activities FA
Prepare a statement of cash flows. There is no beginning cash balance.
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
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