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Moore Tools Company started business on October 1 , 2 0 2 3 . Its fiscal year runs through to September 3 0 of the
Moore Tools Company started business on October Its fiscal year runs through to September of the following year. The following transactions occurred in the fiscal year that started on October and ended on September
On October Margaret Moore invested $ to start the business. Moore is the only owner. She was issued common shares.
On October Moore Tools borrowed $ from a venture capitalist a lender who specializes in startup companies and signed a note payable.
On October the company rented a building. Thehental agreement was a twoyear contract requiring quarterly rental payments every three months of $ payable in advance. The first payment was made on October covering the period from October to December Thereafter, payments were due on December March June and September for each threemonth period that followed. All of the rental payments were made as specified in the agreement.
On October the company purchased equipment costing $ for cash.
Initial inventory was purchased for $ cash.
Additional purchases of inventory during the year totalled $ all on account.
Sales during the year totalled $ of which $ were on account.
Collections from customers on account totalled $
Payments to suppliers on account totalled $
The cost of the inventory that was sold during the year was $
Prepare a statement of cash flows for Show amounts that decrease cash flow with either a sign eg or in parenthesis cs
tabletableMoore Tools CompanyStatement of Cash Flows
$
$
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