_{here the journal entries}

II. Prepare Statement of Cash Flow for Vacunate Corp. using the following data: (10 points) Cash at the beginning of the year: $150,000 a. Classify the following transactions Cash Receipts from: Customers $325,000 Dividends $5,000 Cash payments for: Loan $5,000 Interest Expense $575 Stocks of Other Company $5,000 b. Fill the missing information: Vacunate Corp. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 Increase (Decrease) in Cash Cash flows from operating activities: Net cash from operating activities Cash flows from investing activities: Net cash from investing activities Cash flows from financing activities: Net cash from financing activities Net increase in cash +Cash at beginning of year Cash-at end of year Virus Pharma Company had the following transactions: 1. Issued capital stock for $625,000. 2. Purchased of inventory for $25,000 paying $5,000 and signing a note for the difference. 3. Paid $11,000 for rent. 4. Sold inventory costing $3,000 for a total sales price of $25,000. 5. Performed a service receiving $3,500 and $1,500 to be collected. 6. Purchased a new Cleaning Machine for $555 on account. Chart of Accounts for Virus Pharma Company Assets: Cash Accounts Receivable Inventory Equipment Land Liabilities: Accounts Payable Note Payable Owners' Equity: Capital Stock Dividends Revenues: Sales Revenue Service Revenue Expenses: Cost of Goods Sold Wages Expense Utilities Expense Rent Expense Journal entries No General Journal Debit Credit 1 Cash 625000 Capital stock 625000 2. Inventory 25000 Cash 5000 Notes payable 20000 3 3 Rent expense 11000 Cash 11000 4 4 Cash 25000 Sales revenue 25000 Cost of goods sold 3000 Inventory 3000 5 Cash 3500 Account receivable 1500 Service revenue 5000 6 Equipment 555 Account payable 555