Question
During the month of October, current year, Alvarez Company had the following transactions. a. Revenue of $ 14,000 were earned and received in cash. b.
During the month of October, current year, Alvarez Company had the following transactions. a. Revenue of $ 14,000 were earned and received in cash. b. Bank loans of $ 3,600 were paid off. c. Equipment of $3,000 was purchased for cash. d. Expenses of $9,120 were paid. e. Additional shares of capital stock were issued for $9,000 cash. Assuming that the cash balance at the beginning of the month was $ 8,940, prepare a statement of cash flows that displays operating, investing, and financing activities and reconciles the beginning and ending cash balances. Complete the Statement of Cash Flows and upload it.
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