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Please create an indirect cash flow statement and cash flow statement plese. a. Person 2 became an owner by investing $10,000 cash and $5,000 of
Please create an indirect cash flow statement and cash flow statement plese.
a. Person 2 became an owner by investing $10,000 cash and $5,000 of equipment. (Note: Owners may put cash or other valuables into a firm to add to the value of their Paid in Capital). b. Better Outcomes paid $600 cash for electricity to be used in July. (Hint: usePre-paid Expense"). c. Better Outcomes paid $500 cash for June rent. d. The company purchased $1,200 of equipment for its offices, paid in cash. e. Received cash of $300, for services previously provided and invoiced. f. Better Outcomes provided $3,000 of Rehab-services "on account" ("on account" in this case means "and invoiced its customers for this amount"). g. The company realized that $1,000 worth of its net PPE was left in the rain and damaged. The firm believes it can sell the damaged net PPE (as "Misc Asset, PPE") for $400. h. The company accrued $500 of salary expense payable to an employee for working during the month. i. The company borrowed additional $500 from the bank (due in 3 years). j. The company paid $900 cash dividends (total) to its owners. k. The company recognized $1,000 wear of all its net PPE during the month of JuneStep by Step Solution
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