Mae din 11 BIGA 2x F.I.100 Y. E F 0 ALT-EZ-CASH FLOW 1 * M CASH ACCOUNTS PAYABLE COMMON STOCK TRANSACTIONS 1 Walden Corporation hd 100,000 shares of 54.00 par value common stock at a RETAINED EARNINGS 1 F o 3 Wildon purchased equipment in the amount of $38,000, paying cash EXPENSES SERVICE RIVENUE 4 Walden earned revenue of $80,000, receiving $15,000 in cash and the rest $65,000 on COM CCOUNTS RECEIVABI 5 Walden incurred expenses of $40,000, paying $22.000 in cash and the rest $18,000, on account. DEPRECIATION EXPENS GAIN ON DISPOSAL 7 Walden recorded depreciation on the equipment in the amount of $4,200 EQUIPMENT ICCUM. DEPR. EQUIR 8 The accounts were closed SERVICE REVENUE Xxx EXPENSES Xocx DEPRECIATION EXPENSE XXX RETAINED EARNINGS Xocx LAND 9 Walden Corp declared and paid a cash dividend of $5,000 100% d0.09 123- Medih 11 BIA E.I.P 09 BY-. D F H of $5,000 DEBIT CREDIT CASH FLOW STATEMENT--INDIRECT METHOD OBSERVE SIGNS NET INCOME DEPRECIATION EXPENSE INCREASE IN ACCOUNTS RECEIVABLE +INCREASE IN ACCOUNTS PRABLE CASH FLOW FROM OPERATIONS 18 20 CASH 11 ACCOUNTS RECEIVABLE 32 LAND n EQUIPMENT 14 ACCUM, DEPR EQUIP 29 ACCOUNTS PAYABLE 36 COMMON STOCK 37 RETAINED EARNINGS SERVICE REVENUE EXPENSES 40 DEPRECIATION EXPENSE 41 GAIN ON DISPOSAL 3 TOTALS -PURCHASE OF EQUIPMENT CASH FLOW FROM INVESTING ISSUANCE OF COMMON STOCK -PAYMENT OF DIVIDEND CASH FLOW FROM FINANCING o 0 The trial balance is generated automatically from the T-accounts NET CASH FLOW -BEGINNING BALANCE OF CASH ENDING BALANCE OF CASH O 0 0 41 Mae din 11 BIGA 2x F.I.100 Y. E F 0 ALT-EZ-CASH FLOW 1 * M CASH ACCOUNTS PAYABLE COMMON STOCK TRANSACTIONS 1 Walden Corporation hd 100,000 shares of 54.00 par value common stock at a RETAINED EARNINGS 1 F o 3 Wildon purchased equipment in the amount of $38,000, paying cash EXPENSES SERVICE RIVENUE 4 Walden earned revenue of $80,000, receiving $15,000 in cash and the rest $65,000 on COM CCOUNTS RECEIVABI 5 Walden incurred expenses of $40,000, paying $22.000 in cash and the rest $18,000, on account. DEPRECIATION EXPENS GAIN ON DISPOSAL 7 Walden recorded depreciation on the equipment in the amount of $4,200 EQUIPMENT ICCUM. DEPR. EQUIR 8 The accounts were closed SERVICE REVENUE Xxx EXPENSES Xocx DEPRECIATION EXPENSE XXX RETAINED EARNINGS Xocx LAND 9 Walden Corp declared and paid a cash dividend of $5,000 100% d0.09 123- Medih 11 BIA E.I.P 09 BY-. D F H of $5,000 DEBIT CREDIT CASH FLOW STATEMENT--INDIRECT METHOD OBSERVE SIGNS NET INCOME DEPRECIATION EXPENSE INCREASE IN ACCOUNTS RECEIVABLE +INCREASE IN ACCOUNTS PRABLE CASH FLOW FROM OPERATIONS 18 20 CASH 11 ACCOUNTS RECEIVABLE 32 LAND n EQUIPMENT 14 ACCUM, DEPR EQUIP 29 ACCOUNTS PAYABLE 36 COMMON STOCK 37 RETAINED EARNINGS SERVICE REVENUE EXPENSES 40 DEPRECIATION EXPENSE 41 GAIN ON DISPOSAL 3 TOTALS -PURCHASE OF EQUIPMENT CASH FLOW FROM INVESTING ISSUANCE OF COMMON STOCK -PAYMENT OF DIVIDEND CASH FLOW FROM FINANCING o 0 The trial balance is generated automatically from the T-accounts NET CASH FLOW -BEGINNING BALANCE OF CASH ENDING BALANCE OF CASH O 0 0 41