Corporación Las Christmas presents the following transactions and events as part of its accounting records: Interest paid $ 5,000 Cash Sales 40,000 Dividend payment (“dividends paid”) 12,000 Payment to suppliers (“cash paid to suppliers”) 80,000 Sale of land (“sale or land”) 32,000 Payment of salary (“salaries paid”) 25,000 Payment for purchase of equipment (purchase of 24,000 equipment ”) Payments for operating expenses 8,000 Cash received for loan 45,250 Cash at the beginning of the year 42,320 Collection of accounts receivable (“collection 160,000 of accounts receivale”) Required: Prepare a Statement of Cash Flows (“Cash Flows Statement”) for the Las Christmas Corporation, period ending on December 31st.
Corporación Las Christmas presents the following transactions and events as part of its accounting records: Interest paid $ 5,000 Cash Sales 40,000 Dividend payment (“dividends paid”) 12,000 Payment to suppliers (“cash paid to suppliers”) 80,000 Sale of land (“sale or land”) 32,000 Payment of salary (“salaries paid”) 25,000 Payment for purchase of equipment (purchase of 24,000 equipment ”) Payments for operating expenses 8,000 Cash received for loan 45,250 Cash at the beginning of the year 42,320 Collection of accounts receivable (“collection 160,000 of accounts receivale”) Required: Prepare a Statement of Cash Flows (“Cash Flows Statement”) for the Las Christmas Corporation, period ending on December 31st.
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 19EB: A business has the following transactions: A. The business is started by receiving cash from an...
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Corporación Las Christmas presents the following transactions and events as part of its accounting records:
Interest paid $ 5,000
Cash Sales 40,000
Dividend payment (“dividends paid”) 12,000
Payment to suppliers (“cash paid to suppliers”) 80,000
Sale of land (“sale or land”) 32,000
Payment of salary (“salaries paid”) 25,000 Payment for purchase of equipment (purchase of 24,000 equipment ”)
Payments for operating expenses 8,000
Cash received for loan 45,250
Cash at the beginning of the year 42,320 Collection of accounts receivable (“collection 160,000 of accounts receivale”)
Required: Prepare a Statement of Cash Flows (“Cash Flows Statement”) for the Las Christmas Corporation, period ending on December 31st.
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