The following transactions occurred for That Old Company Inc. at the end of the year: a....

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The following transactions occurred for That Old Company Inc. at the end of the year: a. Net Income for the year was $55,000. Depreciation Expense was $ b. 1,600 shares of Common Stock were issued for $27 per share in cash. c. Paid 21,000 towards a note payable. No new notes were signed this year. d. Purchased office equipment for $5,500 in cash. e. Cash dividends were paid this year. Beginning retained earnings was $175,000 and ending Retained Earnings was $219,000. Work through your calculations for each transaction and prepare the financing section of the statement of cash flows Cash Flows from Financing Activities: The following transactions occurred for That Old Company Inc. at the end of the year: a. Net Income for the year was $55,000. Depreciation Expense was $ b. 1,600 shares of Common Stock were issued for $27 per share in cash. c. Paid 21,000 towards a note payable. No new notes were signed this year. d. Purchased office equipment for $5,500 in cash. e. Cash dividends were paid this year. Beginning retained earnings was $175,000 and ending Retained Earnings was $219,000. Work through your calculations for each transaction and prepare the financing section of the statement of cash flows Cash Flows from Financing Activities:

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Answed Computation of Cash dividend O pening lBegimng Rebained Eaonings 1... View the full answer