Module $6$ Homework

Problem $6-1$

From the following information for Charleigh Company, prepare a Statement of Cash Flows for the year ended December $31,20x2.$

land

The

was acquired on March $31,20$X$2$ for cash. The additional common was sold on March $31,20$X$2$ for $$1$ per share. The company did not sell any equipment during the year. All equipment purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $$30,000$ principal plus interest at $10\%$ on June ${30}^{th}$ of each year.