Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month, Supplies on hand end of month $1,000, Dividends $10,000 cash paid at end of month. Create a Cash Flow Statement and type in you answers: do not add $ sign Cash Flow from Investments?

Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month, Supplies on hand end of month $1,000, Dividends $10,000 cash paid at end of month. Create a Cash Flow Statement and type in you answers: do not add $ sign Cash Flow from Investments?

Name: un.8 Below are the final month end transactions for a new company just
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Description: un.8 Below are the final month end transactions for a new company just established:Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is frompersonal savings.Supplies Purchased on account $2,000,Fees Earned on account, $5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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