Refer to the information in Problem 15-48. Required: Prepare a statement of cash flows by using the
Question:
Refer to the information in Problem 15-48.
Required:
Prepare a statement of cash flows by using the worksheet approach.
Problem 15-48
Transcribed Image Text:
2009 2010 Assets Cash $150,000 70,000 $185,000 80,000 Accounts receivable Investments 30,000 105,000 (32,000) Plant and equipment Accumulated depreciation 100,000 (30,000) 20,000 $310,000 Land 30,000 $398,000 Total assets Liabilities and equity Accounts payable Bonds payable Mortgage payable Preferred stock $ 40,000 60,000 $ 50,000 50,000 20,000 100,000 90,000 $310,000 Common stock 160,000 138,000 $398,000 Retained earnings Total liabilities and equity
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Worksheet Blalock Company Beginning Transaction Ending Balance Debit Credit Balance Assets Cash 150000 1 35000 185000 Accounts receivable 70000 2 10000 80000 Investments x 3 30000 30000 Plant and equi...View the full answer
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Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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