Refer to the data in exercise E1-24. Prepare the statement of cash flows of the company for the month ended July 31, 2020. Draw arrows linking the pertinent items in the statements you prepared for exercises E1-24 through E1-26.

Exercises E1-24 through E1-26

1-24

Assume Cober Printing Inc. ended the month of July 2020 with these data:

{Requirement}
Prepare the income statement and the statement of retained earnings of the company for the month ended July 31, 2020.
1-25

Refer to the data in the preceding exercise. Prepare the balance sheet of the company at July 31,2020 1-26

Refer to the data in exercise E1-24. Prepare the statement of cash flows of the company for the month ended July 31, 2020. Draw arrows linking the pertinent items in the statements you prepared for exercises E1-24 through E1-26.

Payments of cash: Acquisition of equipment Dividends........ Retained earnings at July 1, 2020. Retained earnings at July 31, 2020... Utilities expense. Adjustments to reconcile net income to cash provided by operations. Salary expense.. Cash balance July 1, 2020. Cash balance July 31, 2020. Cash receipts: $36,000 Issuance (sale) of shares to 2,000 owners..... $35,000 0 Rent expense 700 ? Common shares 35,000 200 Equipment 36,000 Office supplies expense. 1,200 3,200 Accounts payable....... 3,200 +,000 Service revenue 14.000 0 8,100