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Using the following information, create the cash flow balance for Fields invested $143,000 cash along with office equipment valued at $36,500 in the company. The
Using the following information, create the cash flow balance for Fields invested $143,000 cash along with office equipment valued at $36,500 in the company. The company prepaid $21,600 cash for 12 months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. The company made credit purchases for $10,100 in office equipment and $5,700 in office supplies. Payment is due within 10 days.The company completed services for a client and immediately received $10,300 cash.The company completed a $16,500 project for a client, who must pay within 30 days. The company paid $15,800 cash to settle the account payable created on April 3. The company paid $7,440 cash for the premium on a 12-month insurance policy
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