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Create a cash flow statement Balance 12/31/19 Balance 12/31/18 $ 125,000 62,000 4,000 30,000 $ 48,000 33,000 3,000 80,000 5,000 240,000 40,000 9,000 42,000 10,000
Create a cash flow statement
Balance 12/31/19 Balance 12/31/18 $ 125,000 62,000 4,000 30,000 $ 48,000 33,000 3,000 80,000 5,000 240,000 40,000 9,000 42,000 10,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Equipment Accumulated Depreciation Land Security Deposit Patent Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock, ($1 Par Value) Paid in Capital Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Bad Debt Expense Interest Expense Income Tax Expense 320,000 60,000 20,000 1,000 9,000 70,000 6,000 5,000 7,000 25,000 110,000 12,000 108,000 150,000 1,000,000 600,000 165,000 60,000 16,000 20,000 10,000 14,000 30.000 2,000 38,000 130,000 6,000 54,000 90,000Step by Step Solution
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