This information is for Paulo Company for the year ended December 31, 2020. Cash received from revenues from customers ...........$600,000 Cash received from investment by owner .....................280,000 Cash paid for new equipment .........................................115,000 Cash drawings by owner paid ...........................................18,000 Cash paid for expenses ....................................................430,000 Cash balance 1/1/20 ............................................................30,000 Instructions Prepare the 2020 statement of cash flows for Paulo Company.
Chapter 1, Exercises #17
This information is for Paulo Company for the year ended December 31, 2020.
Cash received from revenues from customers ...........$600,000
Cash received from investment by owner .....................280,000
Cash paid for new equipment .........................................115,000
Cash drawings by owner paid ...........................................18,000
Cash paid for expenses ....................................................430,000
Cash balance 1/1/20 ............................................................30,000
Instructions
Prepare the 2020 statement of cash flows for Paulo Company.
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PAULO COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operatin…View the full answer
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Accounting Principles
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
ISBN: 978-1119411482