Current Attempt in ProgressSheridan's Vegetable Market had the following transactions during 2020:1. Issued $52000 of par value common stock for cash.2. Repaid a 6 year note payable in the amount of $15000.3. Acquired land by issuing common stock of par value $52000.4. Declared and paid a cash dividend of $7400.5. Sold a long-term investment (cost $3400) for cash of $6100.6. Acquired an investment in IBM stock for cash of $9900.What is the net cash provided by financing activities?$69300$0$29600$37000

Cash Flow Statement :— It is one of the financial statement that shows change in cash and cash…

Answered: Current Attempt in Progress Sheridan's…

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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The inventory decreased from year to year do you deduct or add for the cash flow statement. Please prepare cash flow statement so I can compare my answers
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:Accounts Debit CreditCash $ 42,700Accounts Receivable 44,500Supplies 7,500Equipment 64,000Accumulated Depreciation $ 9,000Accounts Payable 14,600Common Stock, $1 par value 10,000Additional Paid-in Capital 80,000Retained Earnings 45,100Totals $ 158,700 $ 158,700During January 2021, the following transactions occur:January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000.January 9 Provide services to customers on account, $14,300.January 10 Purchase…
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