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prepare a statement of cash and cash equivalent at the beginning of 2021 was $27,000 The following summary transactions occurred during 2021 for Bluebonnet Bakers:
prepare a statement of cash and cash equivalent at the beginning of 2021 was $27,000
The following summary transactions occurred during 2021 for Bluebonnet Bakers: $500, eee 12,888 55,888 35,000 188,800 Cash Received from Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 240,000 8,000 91, e8e 96,080 41,eee 36,000 The balance of cash and cash equivalents at the beginning of 2021 was $27,000 Required: Prepare a statement of cash flows for 2021 for Bluebonnet Bakers. Use the direct method for reporting operating activities (Amounts to be deducted should be indicated with a minus sign.) BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities: $ 0 0 Net cash flows from investing activities Cash flows from financing activities: 0 Net cash flows from financing activities Net increase in cash 0 Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 0 Step by Step Solution
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