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please help thank you! TRANSACTIONS 1 Walden Corporation issued 100,000 shares of $5.00 par value common stock at par. ALT-EZ-CASH FLOW ACCOUNTS PAYABLE RETAINED EARNINGS

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please help thank you!

TRANSACTIONS 1 Walden Corporation issued 100,000 shares of $5.00 par value common stock at par. ALT-EZ-CASH FLOW ACCOUNTS PAYABLE RETAINED EARNINGS COMMON STOCK 500,000 2 Walden purchased Land in the amount of $20,000, paying cash. F o 1 CASH 500,000 20,000 1 38,000/ O F 3 Waldon purchased equipment in the amount of $38,000, paying cash. 500,000 EXPENSES SERVICE REVENUE 4 Walden earned revenue of $70,000, receiving $15,000 in cash, and the rest $55,000 on account. 442.000 ACCOUNTS RECEIVABLE 5 Walden incurred expenses of $45,000, paying $32,000 in cash and the rest, $13,000, on account. DEPRECIATION EXPENSE GAIN ON DISPOSAL 6 Walden sold 1/4 of the land for $8,000, making a gain on disposal. LAND 20,000 7 Walden recorded depreciation on the equipment in the amount of $3,800. 20,000 ACCUM, DEPR. EQUIP. EQUIPMENT 38,000 8 The accounts were closed: SERVICE REVENUE xxx GAIN ON DISPOSAL XXX EXPENSES XXX DEPRECIATION EXPENSE XXX RETAINED EARNINGS XXX 38,000 CREDIT DEBIT 442,000 9 Walden Corp dedared and paid a cash dividend of $5,000 20.000 38,000 CASH FLOW STATEMENT-INDIRECT METHOD-OBSERVE SIGNS NET INCOME + DEPRECIATION EXPENSE -INCREASE IN ACCOUNTS RECEIVABLE +INCREASE IN ACCOUNTS PAYABLE -GAIN ON DISPOSAL = CASH FLOW FROM OPERATIONS Automated sum CASH ACCOUNTS RECEIVABLE LAND EQUIPMENT ACCUM. DEPR EQUIP ACCOUNTS PAYABLE COMMON STOCK RETAINED EARNINGS SERVICE REVENUE EXPENSES DEPRECIATION EXPENSE GAIN ON DISPOSAL TOTALS 500,000 -PURCHASE OF EQUIPMENT -PURCHASE OF LAND +SALE OF LAND = = CASH FLOW FROM INVESTING Automated sum 500,000 500,000 +ISSUANCE OF COMMON STOCK -PAYMENT OF DIVIDEND =CASH FLOW FROM FINANCING = Automated sum The trial balance is generated automatically from the T-accounts. -. NET CASH FLOW +BEGINNING BALANCE OF CASH =ENDING BALANCE OF CASH NOU 0 Hint: this figure should match ending balance of cash

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