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please show t accounts please show the t accounts Use the following information for Questions 4-5: Boxwell Corporation Income Statement For the year ended December
please show t accounts
please show the t accounts
Use the following information for Questions 4-5: Boxwell Corporation Income Statement For the year ended December 31,202 a) On January 11, 20X2, Boxwell purchased land for $155,000 cash. Boxwell also sold some land for cash. b) On February 8, 20X2, Boxwell issued 8,400 shares of common stock for cash. The stock was issued at $15/ share. No common stock was repurchased. c) On July 1, 20x2, Boxwell declared and paid a cash dividend. d) Some long-term debt was paid off with cash. No new long-term debt was issued. e) No cash sales are made to customers (i.e., all sales are on account). f) Accounts Payable solely relates to purchases of inventory. All inventory purchases are made on account. g) Wages expense, Interest Expense, and Income Tax Expense are not cash expenses (i.e., they are accrued). h) Miscellaneous expenses are cash expenses that relate to reimbursements for client entertainment and employee travel. i) No equipment was sold or purchased. Use the following information for Questions 4-5: Boxwell Corporation Income Statement For the year ended December 31,202 a) On January 11, 20X2, Boxwell purchased land for $155,000 cash. Boxwell also sold some land for cash. b) On February 8, 20X2, Boxwell issued 8,400 shares of common stock for cash. The stock was issued at $15/ share. No common stock was repurchased. c) On July 1, 20x2, Boxwell declared and paid a cash dividend. d) Some long-term debt was paid off with cash. No new long-term debt was issued. e) No cash sales are made to customers (i.e., all sales are on account). f) Accounts Payable solely relates to purchases of inventory. All inventory purchases are made on account. g) Wages expense, Interest Expense, and Income Tax Expense are not cash expenses (i.e., they are accrued). h) Miscellaneous expenses are cash expenses that relate to reimbursements for client entertainment and employee travel. i) No equipment was sold or purchased. 4. Prepare a cash flow statement for 202. Use the direct method for the operating activities section. (3 points) Cash Flows from Operating Activities: Net Cash Flows from Operating Activities Cash Flows from Investing Activities: Net Cash Flows from Investirg Activities Cash flews from Financing Activities: Net Cash Flows from Financing Activities Net Change in Cash Easti, December 31, 20x1 Cash, December 31,202 5. Re-do the operating activities section in 45 using the indirect method. (1 point) Cash flows from Operating Activitles: Net Cash Flows from Operating Activities Step by Step Solution
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