ACC 161

Required information Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. [The following information applies to the questions displayed below.] The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Debit Balance, December 31, prior year. Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Balance, December 31, current year Cash Credit $ 236,100 10,388,400 Payments for inventory 3,635,940 Payments for wages 3,843,708 Payments for rent 1, 225,831 Payments for interest. 2,669,819 Payments for taxes 4,498,177 Payments for machinery Payments for stock investments $ Payments for long-term notes payable Payments for dividends Payments for treasury stock $ 2,752,926 955,733 550,585 373,982 779,130 3,874,873 3,916,427 664,858 862,237 373,982 Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. (1) Prepare a complete statement of cash flows for the current year using the direct method. (Amounts to be deducted should be indicated with a minus sign.) THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash flows from investing activities $ 0 VUSI BUN non miyvanny uvuviLIVO Required information Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash $ $ 0