Question: E1.17 (LO 5) This information is for Java Growers for the year ended December 31, 2020 (amounts in thousands). Cash received from revenues from customers
95.000 62.000 168,000 80,000 64,000 Revenue. esperse nee income expenses-2020 Assets, January 1, 2020 Liabilities, January 1, 2020 Assets, December 31, 2020 Liabilities, December 31, 2020 Dividends-2020 Instructions Prepare the 2020 retained earnings statement for Ling an Co. E1.17 (LO 5) This information is for Java Growers for the year ended December 31, 2020 (amounts in thousands). Cash received from revenues from customers Rp600,000 Cash received for issuance of ordinary shares 280,000 Cash paid for new equipment 95,000 Cash dividends paid 20,000 Cash paid for expenses 430,000 Cash balance 1/1/20 28,000 Instructions Prepare the 2020 statement of cash flows for Java Growers. E1.18 (LO 5) The statement of cash flows classifies each transaction as an operating activity, an inves ing activity, or a financing activity. Operating activities are the types of activities the company perform to generate profits. Investing activities include the purchase of long-lived assets such as equipment or purchase of investment securities. Financing activities are borrowing money, investments by shareho ers, and dividends paid. Presented below are the following transactions. 1. Shareholders invested 20,000 cash in exchange for ordinary shares. 2. Issued note payable for 12,000 cash. 3. Purchased office equipment for 11.000 cash. 4. Received 15,000 cash for services performed. 5. Paid 1,000 cash for rent. 6. Paid 600 dividend. 7. Paid 5,700 cash for salaries. Instructions Classify each of these transactions as operating, investing, or financing activities. Problems P1.1 103) On April 1. Julie Chen established 111
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