Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please look at the image and answer the question please 20 Part 1 of 2 1.19 points Skipped eBook Hint print References Ch 16: Homework

please look at the image and answer the question please
image text in transcribed

20 Part 1 of 2 1.19 points Skipped eBook Hint print References Ch 16: Homework O 495, 785,506 785,506 Required information Exercise 16-22B (Algo) Direct: Preparing statement of cash flows from Cash T-account LO Pl, P3, P5 [The following information applies to the questions displayed below.] The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Cash Ba lance, Receipts Receipts Receipts Receipts Receipts Receipts Ba lance, Debit December 31, prior year f rom f rom f rom f rom f rom f rom customers dividends land sale machinery sate issuing stock borrowing 7,636, 860 2,574, 713 9,447, 887 Payments Payments Payments Payments Payments Payments Payments Payments Payments Pa ents for for for for for for for for for for C red it invento ry wages rent interest taxes machinery stock investments tongterm notes payable dividends treasur stock 5,782,194 2, 007, 403 1, 156,439 1, 636,470 8, 138,711 8,225,989 1, 396,454 1, 811, 027 December 31, current year Exercise 16-22B (Algo) Part 1 (1) Prepare a complete statement of cash flows for the current year using the direct method. Note: Amounts to be deducted should be indicated with a minus sign. THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting And Budgeting For Non-Specialists

Authors: G. Jan Van Helden, Ron Hodges

1st Edition

1137376988, 9781137376985

More Books

Students also viewed these Accounting questions