Balance Sheet Balances20202019Cash882,500425,000Accounts Receivable575,500275,500Merchandise Inventory445,000900,000Prepaid Expenses67,50082,500Equipment68,000100,000Accumulated Depreciation(29,250)(40,000)BuildingAccounts Payable590,100737,350Wages Payable65,00040,000Retained Earnings254,150115,650Common Stock1,100,000850,000 Prepare a statement of cash flows using the information provided below andamounts indicated on the attached template.CD Corporation has the following for 2020:Net Income $145,000Depreciation was $4,250Sold Equipment with a Cost of $32,000, Accumulated Depreciation $15,000 for$22,500 Cash.Sold Common Stock of $250,000Paid a Dividend of $6,500

Name: Balance Sheet Balances20202019Cash882,500425,000Accounts Receivable57
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Description: Balance Sheet Balances20202019Cash882,500425,000Accounts Receivable575,500275,500Merchandise Inventory445,000900,000Prepaid Expenses67,50082,500Equipment68,000100,000Accumulated Depreciation(29,250)(40,000)BuildingAccounts Payable590,100737,350Wages

Cash flow statement analyze the cash inflows and outflows of a company.

Business

Accounting

Prepare a statement of cash flows using the information provided below and amounts indicated on the attached template. CD Corporation has the following for 2020: Net Income $145,000 Depreciation was $4,250 Sold Equipment with a Cost of $32,000, Accumulated Depreciation $15,000 for $22,500 Cash. Sold Common Stock of $250,000 Paid a Dividend of $6,500

Prepare a statement of cash flows using the information provided below and amounts indicated on the attached template. CD Corporation has the following for 2020: Net Income $145,000 Depreciation was $4,250 Sold Equipment with a Cost of $32,000, Accumulated Depreciation $15,000 for $22,500 Cash. Sold Common Stock of $250,000 Paid a Dividend of $6,500

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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