Cash and cash equivalents, Jan. 1, 2021 1,000,000 Transactions during the year. Matured time deposits Acquisition of production equipment Proceeds from sale of shares 750,000 600,000 1,250,000 120,000 950,000 Acquisition of treasury shares at cost Loan made to the bank
Cash and cash equivalents, Jan. 1, 2021 1,000,000 Transactions during the year. Matured time deposits Acquisition of production equipment Proceeds from sale of shares 750,000 600,000 1,250,000 120,000 950,000 Acquisition of treasury shares at cost Loan made to the bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
How much is the balance of cash and cash equivalents at December 31, 2021?
![Cash and cash equivalents, Jan. 1, 2021
1,000,000
Transactions during the year.
Matured time deposits
Acquisition of production equipment
Proceeds from sale of shares
750,000
600,000
1,250,000
120,000
950,000
Acquisition of treasury shares at cost
Loan made to the bank](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F564dd124-7fd7-4d60-980e-773f61b41ead%2F6820a6ee-3fc2-4876-9f56-69ed76905ed0%2Fyc100gk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cash and cash equivalents, Jan. 1, 2021
1,000,000
Transactions during the year.
Matured time deposits
Acquisition of production equipment
Proceeds from sale of shares
750,000
600,000
1,250,000
120,000
950,000
Acquisition of treasury shares at cost
Loan made to the bank
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