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Hello please answer everything and I will give you a thumbs up ! 2 . The following is selected financial information of Village Company for

Hello please answer everything and I will give you a thumbs up!2. The following is selected financial information of Village Company for the
current year ended December 31. Prepare the statement of cash flows for
Village Company for the current year ended December 31.
Cash, December 31, prior year 4,600
Cash used by investing activities$ (4,000)
Cash used by financing activities (5,600)
Cash from operating activities 12,000
3. At the beginning of the year, a company had $120,000 worth of liabilities.
During the year, assets increased by $160,000 and at year-end they equaled
$360,000. Liabilities decreased $20,000 during the year. Calculate the
beginning and ending values of equity.
4. Tesla completed these transactions during April of the current year:
April 2 Rented office space and paid $1,200 cash for the month of September.
April 3 Purchased office equipment for $30,000, paying $8,000 cash and agreeing to
pay the balance in one year.
April 4 Purchased office supplies for $750 cash.
April 8 Completed work for a client and immediately collected $2,700 cash for the
services.
April 15 Completed $3,600 services for a client on credit.
April 20 Received $3,600 from a client for the work completed on September 15.
April 30 Paid the office secretarys monthly salary, $3,000 cash.
Show the effects of the above transactions on the components of the accounting
equation. Use the following format for your answers.
The first item is shown as an example.
Increase = I, Decrease = D, No effect = N
Date AssetsLiabilitiesEquity
Example:
April 2 D N D

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