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11 Required information Exercise 12-20B Direct: Preparing statement of cash flows from Cash T-account LO P1, P3, P5 [The following information applies to the questions
11
Required information Exercise 12-20B Direct: Preparing statement of cash flows from Cash T-account LO P1, P3, P5 [The following information applies to the questions displayed below.) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Balance, Dec. 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash $ 352,300 15,501,200 Payments for inventory 5,425,420 Payments for wages 5,735, 444 Payments for rent 1,829,142 Payments for interest 3,983,808 Payments for taxes 6,712,020 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ ? $ 4,107,818 1,426,110 821,564 558,043 1,162,590 5,781,948 5, 843,952 992,077 1,286,600 558,043 Balance, Dec. 31, current year THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 Net increase (decrease) in cash Beginning balance of cash Ending balance of cash 0Step by Step Solution
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