Prepare a statement of cash flow using the given information and determine the ending cash balance....

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Prepare a statement of cash flow using the given information and determine the ending cash balance. John's Mini Grocery had the following transactions during the year (2021): a. Purchase of goods - 100,000 b. Sale of goods - 150,000 c. Paid utilities 30,000 10,000 d. Paid rent - 100,000 e. Sold Equipment f. Owner withdrawals from investment g. January 1, cash balance . 10,000 50,000 Prepare a statement of cash flow using the given information and determine the ending cash balance. John's Mini Grocery had the following transactions during the year (2021): a. Purchase of goods - 100,000 b. Sale of goods - 150,000 c. Paid utilities 30,000 10,000 d. Paid rent - 100,000 e. Sold Equipment f. Owner withdrawals from investment g. January 1, cash balance . 10,000 50,000

Answer rating: 100% (QA)

To prepare a statement of cash flows we categorize the transactions into three sections oper... View the full answer