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Create a Cash Flow Statement using the ledger Jablonski's Golden Acres LEDGER Cash Account Date Description Beginning Balance 2-Jan Cash sale of market livestock 15-Jan
Create a Cash Flow Statement using the ledger
Jablonski's Golden Acres LEDGER Cash Account Date Description Beginning Balance 2-Jan Cash sale of market livestock 15-Jan Paid employee 21-Jan Income tax payment 4-Feb Loan payment-principal 4-Feb Loan payment-interest 18-Feb Purchased new computer 7-Mar Cash crop sale 15-Apr Paid taxes 28-Apr Purchased truck 1-May Borrowed money to buy land 5-May Purchased land 6-Jun Purchased supplies 30-Jun Purchased seed 3-Jul Purchased chemicals 25-Jul Cash sale of market livestock 9-Aug Paid property taxes 23-Aug Loan payment-principal 23-Aug Loan payment-interest 9-Sep Sold some breeding livestock Debits Credits Balance 19,000 48,100 67,100 6,800 60,300 2,000 58,300 28,300 30,000 1,200 28,800 500 28,300 42,200 70,500 8,200 62,300 29,400 32,900 85,500 118,400 85,500 32,900 3,600 29,300 5,100 24,200 9,800 14,400 38,700 53,100 9,000 44,100 13,300 30,800 600 30,200 7,200 37,400 18,500 10-Oct Received crop insurance proceeds 18-Oct Paid vet bill 11-Nov Transfer to personal checking account 24-Nov Paid neighbor for hauling 12-Dec Paid payroll taxes 24-Dec Purchased new insurance policy 3,400 3,100 1,800 8,200 3,800 55,900 52,500 49,400 47,600 39,400 35,600 Step by Step Solution
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