The following cash T-account for Miller Manufacturing summarizes all the transactions affecting cash during 2012. a. Compute
Question:
The following cash T-account for Miller Manufacturing summarizes all the transactions affecting cash during 2012.
a. Compute the ending cash balance.b. Prepare a statement of cashflows.
Transcribed Image Text:
Cash Equipment purchases Rent payable payments Bank loan principal Loan interest Beginning balance Sales of services Receivables collections Sale of land Issuance of common stock Long-term borrowings 24.000 9,000 45.000 50.000 7.500 15,000 7,000 12,000 3,000 26.500 Salaries Dividend payments Miscellaneous expenses 16,000 4,000 13.000 10.000 Long-term investment purchase
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a Ending cash Beginning cash Cash inflows Cash outflows 9000 133500 99500 43000 Note Since Cash is a...View the full answer
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