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Based on the information provided in each scenario, prepare the corresponding Statement of Cash Flows in the columns to the right of each scenario. Your
Based on the information provided in each scenario, prepare the corresponding Statement of Cash Flows in the columns to the right of each scenario. Your Statement of Cash Flows should be in good form, including the proper use of $ signs and underlines
Solution to Scenario 2: Scenario 2(10 points): Clarence's Crawfish, Inc., started the year with a cash balance of 492,130 on January 1, 2019. Clarence paid cash for the following items during the year ending December 31, $ 1 Paid supplier for crawdads, shrimp, and clams 2 Paid a principle payment on a long-term note they owe 3 Paid employees wages 4 Purchased a new delivery truck 5 Paid selling and administrative expenses 82,000 9,500 71,300 45,700 26,300 Clarence's Crawfish, Inc., received cash for the following items during the year ending December 31, 2019: $ 1 Sold an old BBQ smoker they replaced with a bigger one 2 Received cash from customers 3 Received rent revenue from a tenant in their building 4 Issued shares of stock to new shareholders 3,000 197,000 16,000 42,000 Check Figure for Scenario 2: Cash Provided from Operating Activities is $33,400Step by Step Solution
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