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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.
Scenario 1 (10 points): Bonnie's Place, Ltd., had a Cash Balance of $530,000 at year end, December 31, 2019. Bonnie's Place paid cash for the following items during the year ending December 31, $ 1 Dividends paid to stockholders 2 Purchased inventory from suppliers 3 Purchased a new building 4 Paid employee salaries 5 Paid taxes to the IRS 6 Purchased insurance policies to cover the circus 10,000 43,000 152,000 675,000 15,500 120,000 Bonnie's Place, Ltd., received cash for the following items during the year ending December 31, 2020: 1 Received cash from customers 2 Issued shares of common stock to their new shareholders 3 Received interest from an investment $ 780,000 67,000 3,000 Check Figure for Scenario 1: Ending Cash is $364,500Step by Step Solution
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