Question
Please help Talbridge Inc. had the following account balances at December 31, 2021: Account Name Amount Repairs expense $1,125 Wages expense 21,350 Prepaid expenses 1,400
Please help
Talbridge Inc. had the following account balances at December 31, 2021: Account Name Amount Repairs expense $1,125 Wages expense 21,350 Prepaid expenses 1,400 Dividends 3,500 Purchase of intangibles 1,360 Cash (end of year) 36,385 Deferred revenue 1,500 Owner's capital 12,000 Accounts payable 12,810 Prepaid rent 900 Collections from customers 28,350 Rent expense 2,100 Contributions by owners 2,500 Accounts receivable 17,155 Cash (beginning of year) 16,890 Retained earnings (beginning of year) 8,575 Interest expense 900 Business licence 60 Payment of dividends 3,500 Website design 1,300 Service revenue 47,560 Cash received from debt 12,500 Income tax expense 4,450 Office supplies 2,550 Office supplies expense 1,845 Payments to suppliers 18,995 Bank loan payable, due in 2025 12,500 Website expense 500 Income tax payable 575 Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions.
What is total cash flow from investing activities on this company's statement of cash flows? If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682 If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
What is total cash flow from operating activities on this company's statement of cash flows?
If the amount is an INFLOW enter the amount with a '+' sign. For example, inflow of $12,682 enter as +12682
If the amount is an OUTFLOW enter the amount with a '-' sign. For example, outflow of $10,485 enter as -10485
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