Question
Please help! I only need portion D-4! The following events apply to Paradise Vacationss first year of operations: Acquired $35,000 cash from the issue of
Please help! I only need portion D-4!
The following events apply to Paradise Vacationss first year of operations:
Acquired $35,000 cash from the issue of common stock on January 1, Year 1.
Purchased $1,550 of supplies on account.
Paid $6,000 cash in advance for a one-year lease on office space.
Earned $43,350 of revenue on account.
Incurred $14,750 of other operating expenses on account.
Collected $31,500 cash from accounts receivable.
Paid $9,750 cash on accounts payable.
Paid a $4,500 cash dividend to the stockholders.
Information for Adjusting Entries
There was $300 of supplies on hand at the end of the accounting period.
The lease on the office space covered a one-year period beginning November 1.
There was $5,100 of accrued salaries at the end of the period.
Required
d-4. Prepare a statement of cash flows.
I will include these sections to reference (if you need it!)
Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) fir Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a trial balance. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) fir Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a trial balanceStep by Step Solution
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