The following transactions pertain to the operations of Ewing Company for 2018: Acquired $24,900 cash from the issue of common stock.Provided $17,750 of services on account.Paid $17,800 cash on accounts payable.Performed services for $44,000 cash.Collected $5,200 cash from accounts receivable.Incurred $8,300 of operating expenses on account.Paid a $27,800 cash for one year’s rent in advance.Paid a $8,900 cash dividend to the stockholders.Paid $1,500 cash for supplies to be used in the future.Recognized $32,000 of accrued salary expense.given the events set up a statement of cash flows. There is no beginning balance to be recorded

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Asked Jan 27, 2020
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The following transactions pertain to the operations of Ewing Company for 2018:

 

  1. Acquired $24,900 cash from the issue of common stock.
  2. Provided $17,750 of services on account.
  3. Paid $17,800 cash on accounts payable.
  4. Performed services for $44,000 cash.
  5. Collected $5,200 cash from accounts receivable.
  6. Incurred $8,300 of operating expenses on account.
  7. Paid a $27,800 cash for one year’s rent in advance.
  8. Paid a $8,900 cash dividend to the stockholders.
  9. Paid $1,500 cash for supplies to be used in the future.
  10. Recognized $32,000 of accrued salary expense.

given the events set up a statement of cash flows. There is no beginning balance to be recorded

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Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result ...

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