Question

The following events occurred at Electric Research, Inc., during the year ended June 30, 2010:
July 25 Signed a note with Local First Bank for $25,000
August 8 Purchased equipment for $50,000 cash
October 15 Sold old equipment for $20,100, resulting in a $100 gain
January 24 Issued bonds for $150,000
March 20 Purchased new delivery vehicles for $32,000 cash
April 15 Paid cash dividends of $2,500
June 30 Paid interest expense with $2,300 cash to Local First Bank
Compute Electric Research, Inc.’s net cash flow from (1) investing activities and from (2) financing activities for the year ended June 30, 2010.



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  • CreatedSeptember 01, 2014
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