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Help preparing a Statement of Cash Flows For the month ended June 30, prepare the Statement of Cash Flows for Monday Company using the following

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For the month ended June 30, prepare the Statement of Cash Flows for Monday Company using the following information: 6/1 Frank Burns invested $100,000 and $25,000 of land in his business, which he opened on June 1. 6/1 Rented a small building in which to operate the business. The monthly rent of $3,000 is due on the first of each month and was paid. 6/2 Purchased $8,000 of equipment on account. 6/2 Purchased a $40,000 delivery van to be used in the business. Frank paid $10,000 in cash. A note payable for the balance due was signed requiring $2,000 monthly payments. 6/5 Purchased an insurance policy for $2,000. The insurance policy covers a full year term. 6/7 Sold half of the land for $40,000. 6/10 Received $6,000 cash for services rendered. 6/12 Purchased $700 of supplies on account. 6/16 Earned $5,000 in services rendered on account. 6/18 Half of the amount due on account for the equipment purchased on 6/2 was paid. 6/19 Earned $8,000 in services rendered on account. 6/23 Received $5,000 on account from clients. 6/25 Paid the amount due for the supplies acquired on 6/12. 6/29 Paid $400 for the utilities. 6/30 Paid employees $3,000 for the monthly wages 6/30 Incurred maintenance expense of $1,500 for the delivery van on account. 6/30 The first monthly installment on the note payable was made. 6/30 Withdrew $2,500 at the end of the month for personal reasons

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