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thank you will rate! A summary of ABC Company's cash transactions during 2014 is as follows: DEPOSITS: DISBURSEMENTS: Cash collections from $166,000 Payments on account
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A summary of ABC Company's cash transactions during 2014 is as follows: DEPOSITS: DISBURSEMENTS: Cash collections from $166,000 Payments on account $112,000 Dividends received on $8,000 Payment of principal$30,000 customers investments in equity securities on a note payable Proceeds from a note$200,000 Wages Paid $35,000 payable Principal collected on $15,000 Interest payments on $2,100 a note payable Purchase of a note $160,000 equipment Total receipts Additional information: The cash balance at the beginning of the year 2014 was $180,000. $389,000 Total disbursements $339,100 REQUIRED: Prepare a Statement of Cash flows for 2014. Use the direct methodStep by Step Solution
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