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At the beginning of 2011, J & J Corp.s accounting records had the following general ledger accounts and balances. J & J CORP. Accounting Equation
At the beginning of 2011, J & J Corp.s accounting records had the following general ledger accounts and balances. J & J CORP. Accounting Equation Assets = Liabilities + Stockholders' Equity Acct. Titles for RE Event Cash Land Notes Payable Common Stock Retained Earnings Balance 1/1/2011 22,000 32,000 13,200 8,200 32,600 J & J Corp. completed the following transactions during 2011. 1. Purchased land for $11,000 cash. 2. Acquired $37,000 cash from the issue of common stock. 3. Received $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800. 5. Borrowed $22,000 cash from the bank. 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land is $47,000 Once the chart is filled in, how do you determine the net cash flow from financing activities
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