Prepare the cash flow statement for Walsh Co. for the year ended December 31, 2022. Net...
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Prepare the cash flow statement for Walsh Co. for the year ended December 31, 2022. Net Income Sold $15,000 PPE with $6,000 Accumulated Depreciation for $7,000 cash 12/31/21 Assets Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Depreciation 2022 $ 18,000 Total Assets Liabilities and Shareholders' Equity Accounts Payable Bonds Payable Total Paid in Capital Retained Earnings 12/31/22 $ 8,000 17,000 35,000 8,000 110,000 (40,000) $ 138,000 $ 15,000 50,000 32,000 41,000 $ 138,000 $ 5,000 20,000 29,000 10,000 86,000 (28,000) $ 122,000 $ 13,000 55,000 25,000 29,000 $ 122,000 Change $ 3,000 (3,000) 6,000 (2,000) 24,000 2,000 (5,000) 7,000 12,000 Prepare the cash flow statement for Walsh Co. for the year ended December 31, 2022. Net Income Sold $15,000 PPE with $6,000 Accumulated Depreciation for $7,000 cash 12/31/21 Assets Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Depreciation 2022 $ 18,000 Total Assets Liabilities and Shareholders' Equity Accounts Payable Bonds Payable Total Paid in Capital Retained Earnings 12/31/22 $ 8,000 17,000 35,000 8,000 110,000 (40,000) $ 138,000 $ 15,000 50,000 32,000 41,000 $ 138,000 $ 5,000 20,000 29,000 10,000 86,000 (28,000) $ 122,000 $ 13,000 55,000 25,000 29,000 $ 122,000 Change $ 3,000 (3,000) 6,000 (2,000) 24,000 2,000 (5,000) 7,000 12,000
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Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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