Accounting - Accounting 2013 Statement of Cash Flows...

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Accounting 2013 Statement of Cash Flows Practice General Information Notice: You are required to submit your solution during class today. Introduction Jones Widget Company (JWC) incorporated at the beginning of 2006. Below is the post closing trial balance as of 12/31/05 and 1/31/06. You are to prepare a statement of cash flows from the following. Note: These numbers have been slightly edited from the original project. In short, we removed the sale of equipment, the amortization of the bond premium and the stock dividend. We changed the sale of treasury stock to be at cost and added a cash dividend. JWC. - Income Statement Month ended 1/31/06 NET SALES $27,300 COST OF SALES 12,930 Gross profit 14,370 OPERATING EXPENSES: Selling, general and administrative 5,004 Depreciation 460 Total operating expenses 5,464 NET INCOME $8,906 Hints: 1) The Change in Accounts Receivable is to be calculated using Net Accounts Receivable 2) Proceeds from a $100,000 bond issuance were changed to $104,994. We are ignoring the impact on
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Accounting - Accounting 2013 Statement of Cash Flows...

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