Question
Dery Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank
Dery Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $4,300. Required: 1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows. Amounts $36,500 41,500 (46,500) (11,300) 12,300 (23,300) (3,300) 26,500 (5,300)
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1 The ending balance of cash can be calculated as follows Beginning balance of cash 4300 Cash receiv...Get Instant Access to Expert-Tailored Solutions
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
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