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M Question 2 - Unit 3 Chapter 3 Ho X * [Solved] The following informatic X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fpost.blackboard.com%252Fwebapps%252Fblack... Everything Audio w... Background Inform. Document4.docx Huang He Valley |... Ancient Civilization:... China's Environmen PH Compare And Cont.. ( How did the Egypti. > > Other bookmarks Unit 3 Chapter 3 Homework Assignment Saved Help Save & Exit Submit Check my work 2 Exercise 3-2A (Static) Comparing a merchandising company with a service company LO 3-1 10 The following information is available for two different types of businesses for the Year 1 accounting year. Hopkins CPAs is a service points business that provides accounting services to small businesses. Sports Clothing is a merchandising business that sells sports clothing to college students. Data for Hopkins CPAs 1. Borrowed $90,000 from the bank to start the business. 2. Provided $60,000 of services to clients and collected $50,000 cash. 3. Paid salary expense of $32,000. Data for Sports Clothing 1. Borrowed $90,000 from the bank to start the business. 2. Purchased $60,000 inventory for cash. 3. Inventory costing $26,000 was sold for $50,000 cash. 4. Paid $8,000 cash for operating expenses. Required Mc Graw Hill Type here to search Eli 9:04 AM 73'F Sunny ~ g ()) " (7 ()) 5/19/2023M Question 2 - Unit 3 Chapter 3 Ho X * [Solved] The following informatic X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fpost.blackboard.com%252Fwebapps%252Fblack... Everything Audio w.. Background Inform. Document4.docx Huang He Valley |... Ancient Civilization:... China's Environmen PH Compare And Cont.. ( How did the Egypti. > > Other bookmarks Unit 3 Chapter 3 Homework Assignment Saved Help Save & Exit Submit Check my work 2 Hopkins Inc Hopkins Bal Hopkins Cash Sports Inc Sports Bal Sports Cash Stmt Sheet Flows Stmt Stmt Sheet Flows Stmt Prepare a statement of cash flows for Sports Clothing. (Cash outflows should be indicated with a minus sign.) 10 points SPORTS CLOTHING Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Net cash flow from operating activities $ 0 Cash flows from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 Mc Graw Hill Type here to search 9:05 AM 73'F Sunny ~ g ()) " (7 () 5/19/2023