Question
The Arcadia company operates a chain of video game arcades. Among the Arcadias activities in 2010 were the following a. The firm traded four old
The Arcadia company operates a chain of video game arcades. Among the Arcadias activities in 2010 were the following a. The firm traded four old video games to another amusement company for one new primal hunt games. The old games were sold for a total of Rs. 3000 cash b. The company paid off Rs. 60,000 of long term debt by paying of 30,000 cash and signing a Rs. 30,000 6- month note payable c. The firm issued debt for Rs. 70,000 cash, all of which was used to purchase new games for its Northwest Arcade. d. The company purchased the building for Rs. 100,000 by mortgage on the structure and paying Rs. 20,000 for cash e. Debt holders converted Rs. 65,000 debts into common stock f. Issued a preference shares for Rs. 21,000
Prepare the schedule of financing activities to accompany a statement of cash flows.
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