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Prepare a Statement of cash flow from the following relevant accounts. This is the Helping Patients Hospital and balances are given as of December
Prepare a Statement of cash flow from the following relevant accounts. This is the Helping Patients Hospital and balances are given as of December 31, 2022. (Not all accounts listed may be used in solving this problem) Collections Payments to suppliers $750,000.00 $50,000.00 Accounts receivable balance $600,000.00 Borrowed from creditors $100,000.00 Paid Mortgage $115,000.00 Purchased new equipment $135,000.00 Paid employees $175,000.00 Cash at beginning of the year $5,150,000.00 Issued Bonds $2,650,000.0 Purchased bonds $1,900,000.00
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