Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12 15 15 18 21 21 Listen Constable, Inc. had the following transactions during 2022: 1. Issued $245,000 of par value common stock for

image text in transcribed

12 15 15 18 21 21 Listen Constable, Inc. had the following transactions during 2022: 1. Issued $245,000 of par value common stock for cash. 2. Recorded and paid wages expense of $103,900. 3. Acquired land by issuing common stock of par value $85,000. 4. Declared and paid a cash dividend of $17,200. 5. Sold a long-term investment (cost $5,030) for cash of $5,030. 6. Recorded cash sales of $683,000. 7. Bought inventory for cash of $273,400. 8. Acquired an investment in Zynga stock for cash of $36,130. 9. Converted bonds payable to common stock in the amount of $900,000. 10. Repaid a 6-year note payable in the amount of $377,600. What is the net cash provided by operating activities? (If it is net cash used by operating activities, enter the answer as a negative number by putting a negative (-) sign before the answer). Your Answer: Answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th Edition

9781118560952, 1118560957, 978-0470239803

More Books

Students also viewed these Accounting questions