JAMES ISLAND CLOTHING COMPANY Adjusted Trial Balance 12 31 18 Account Title Balance Debit Credit Cash $ 95,700 Accounts Receivable 12,000 Inventory 4,400 Office Equipment 26,000 Truck 18,000 Accumulated DepreciationPlant Assets $ 6,000 Accounts Payable 5,500 Note PayableShort Term 10,000 Note PayableLong Term 33,000 Common Stock 100,000 Retained Earnings Dividends 1,000 Sales Revenue 15,000 Cost of Goods Sold 3,600 Rent Expense 2,000 Advertising Expense 800 Depreciation Expense 6,000 $ 169,500 $ 169,500 Transaction data for 2018 Cash paid for purchase of office equipment $ 6,000 Cash paid for purchase of truck 5,000 Acquisition of plant assets with a long term notes payable 33,000 Cash payment of dividends 1,000 Cash receipt from issuance of common stock 100,000 REQUIREMENTS 1) Complete the worksheet for the James Island Clothing Company, filling in the Transaction Analysis columns 2) Prepare the James Island Clothing Company statement of cash flows for the year ended December 31, 2018 Use the indirect method

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JAMES ISLAND CLOTHING COMPANY Adjusted Trial Balance 12/31/18 Account Title Balance Debit Credit Cash $ 95,700 Accounts Receivable 12,000 Inventory 4,400 Office Equipment 26,000 Truck

JAMES ISLAND CLOTHING COMPANY
Adjusted Trial Balance
12/31/18

Account Title	Balance
	Debit	Credit
Cash	$ 95,700
Accounts Receivable	12,000
Inventory	4,400
Office Equipment	26,000
Truck	18,000
Accumulated DepreciationPlant Assets		$ 6,000
Accounts Payable		5,500
Note PayableShort Term		10,000
Note PayableLong Term		33,000
Common Stock		100,000
Retained Earnings
Dividends	1,000
Sales Revenue		15,000
Cost of Goods Sold	3,600
Rent Expense	2,000
Advertising Expense	800
Depreciation Expense	6,000
	$ 169,500	$ 169,500


Transaction data for 2018
Cash paid for purchase of office equipment	$ 6,000
Cash paid for purchase of truck	5,000
Acquisition of plant assets with a long-term notes payable	33,000
Cash payment of dividends	1,000
Cash receipt from issuance of common stock	100,000

REQUIREMENTS: 1) Complete the worksheet for the James Island Clothing Company, filling in the Transaction Analysis columns. 2) Prepare the James Island Clothing Company statement of cash flows for the year ended December 31, 2018. Use the indirect method.