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Business, 15.02.2021 20:00 shayshayyy41
The following summary transactions occurred during 2018 for Bluebonnet Bakers:
Cash Received from:
Collections from customers $410,000
Interest on notes receivable 9,500
Collection of notes receivable 46,000
Sale of investments 26,000
Issuance of notes payable 135,000
Cash Paid for:
Purchase of inventory 195,000
Interest on notes payable 8,500
Purchase of equipment 80,000
Salaries to employees 85,000
Payment of notes payable 32,000
Dividends to shareholders 27,000
The balance of cash and cash equivalents at the beginning of 2018 was $17,000.
Required:
Prepare the statement of cash flows assuming that Bluebonnet prepares its financial statements according to International Financial Reporting Standards.
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The following summary transactions occurred during 2018 for Bluebonnet Bakers:
Cash Received from:...
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