Prepare the statement of cash flows based on the trial balance. Please follow the template below.
Statement of Cash Flows For the year ended December 31st, 2019 Cash Flows from Operating Activities Net Income Adjuetments formoncasb efectr Depreciation expense Bad debt expense Amortization of bond premium Loss on sale of equipment Changes in current assets and current fiabilitie: Increase in accounts receivable Increase in invento Increase in supplies Increase in prepaid insurance Increase in prepaid rent Increase in prepaid advertising Increase in accounts pavable Incr ease in interest payable Increase in salaries pavable Net cash flows for operating activities Cash Flows from Investing Activities Purchase of equipment Proceeds from sale of equipment Net cash flows for investing activities Cash Flows from Financing Activities Issuance of common stock Proceeds from bond issuance Payment of dividends Net cash flows from financing activities Net increase in cash Beginning cash balance, Jan. 1 Ending cash balance, December 31st Trial Balance As of December 31, 2019 Unadjusted Debit Adjusting Debit Adjusted Accounts Credit Credit Debit Credit 405,599 40,992 405,599 40.992 Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Prepaid Rent Prepaid Advertisin Inventony 1,025 1,700 8,960 7,884 898 1,025 4. 10,752 10,512 550 1,792 628 642 9,172 ment 21,335 Accumulated Depreciation Accounts Payable Interest Pavable Bonds Pavable Bond Premum Salaries Pavable Dividends Pavable Common Stock Retained Eaminn Sales Revenue Cash Discounts Cost of Goods Sold Bad Debt Interest Hipense Salaries Advertisin Insurance Expense Rent Eipense Supplies 7,673 4,250 4,000 100,000 7,678 4,000 100,000 8,425 700 350,000 700 350,000 700 700 56,612 56,612 282 9,728 9,728 1,025 3e 1,025 3e 898 8,960 7,884 898 8,960 7,884 3e 3e 4. reciation ense 7.673 8,548 Loss on Sale of Dividends TOTAI ment 625 625 20,162520,162 35,090 35,090 535,063 535,063 Statement of Cash Flows For the year ended December 31st, 2019 Cash Flows from Operating Activities Net Income Adjuetments formoncasb efectr Depreciation expense Bad debt expense Amortization of bond premium Loss on sale of equipment Changes in current assets and current fiabilitie: Increase in accounts receivable Increase in invento Increase in supplies Increase in prepaid insurance Increase in prepaid rent Increase in prepaid advertising Increase in accounts pavable Incr ease in interest payable Increase in salaries pavable Net cash flows for operating activities Cash Flows from Investing Activities Purchase of equipment Proceeds from sale of equipment Net cash flows for investing activities Cash Flows from Financing Activities Issuance of common stock Proceeds from bond issuance Payment of dividends Net cash flows from financing activities Net increase in cash Beginning cash balance, Jan. 1 Ending cash balance, December 31st Trial Balance As of December 31, 2019 Unadjusted Debit Adjusting Debit Adjusted Accounts Credit Credit Debit Credit 405,599 40,992 405,599 40.992 Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Prepaid Rent Prepaid Advertisin Inventony 1,025 1,700 8,960 7,884 898 1,025 4. 10,752 10,512 550 1,792 628 642 9,172 ment 21,335 Accumulated Depreciation Accounts Payable Interest Pavable Bonds Pavable Bond Premum Salaries Pavable Dividends Pavable Common Stock Retained Eaminn Sales Revenue Cash Discounts Cost of Goods Sold Bad Debt Interest Hipense Salaries Advertisin Insurance Expense Rent Eipense Supplies 7,673 4,250 4,000 100,000 7,678 4,000 100,000 8,425 700 350,000 700 350,000 700 700 56,612 56,612 282 9,728 9,728 1,025 3e 1,025 3e 898 8,960 7,884 898 8,960 7,884 3e 3e 4. reciation ense 7.673 8,548 Loss on Sale of Dividends TOTAI ment 625 625 20,162520,162 35,090 35,090 535,063 535,063
