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Item1 10 points Check my workCheck My Work button is now enabled3Item 1 Exercise 8-2A (Static) Effect of accounting events on the financial statements of
Item1 10 points Check my workCheck My Work button is now enabled3Item 1 Exercise 8-2A (Static) Effect of accounting events on the financial statements of a sole proprietorship LO 8-1 A sole proprietorship was started on January 1, Year 1, when it received $60,000 cash from Marlin Jones, the owner. During Year 1, the company earned $35,300 in cash revenues and paid $16,200 in cash expenses. Jones withdrew $1,000 cash from the business during Year 1. Required
MARLIN JONES SOLE PROPRIETORSHIP Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: \begin{tabular}{|l|} \hline \\ \hline Net cash flow from investing activities \\ \hline Cash flows from financing activities: \\ \hline Net cash flow from financing activities \\ \hline \end{tabular} Net cash flow from financing activitiesStep by Step Solution
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