MBA800X16 - Cash Provided by Operations: Net Income $345...

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Adjusting: Cost of Goods Sold 11,000 Inventory 11,000 Depreciation Expense 4,000 Accumulated Depreciation 4,000 Rent Expense 13,600 Prepaid Rent 13,600 Interest Expense 350 Interest Payable 350 Closing: Sales 34,000 Gain on Sale 1,000 Retained Earnings 35,000 Retained Earnings 28,950 Cost of Goods Sold 11,000 Depreciation Expense 4,000 Rent Expense 13,600 Interest Expense 350
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Burns Company Cash Flow Statement for year ended 31 Decemeber 20x2
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Unformatted text preview: Cash Provided by Operations: Net Income $345 Add: Depreciation 80 Increase in Current Assets (15) Decrease in Current Liabilities (20) $390 Cash Provided by Investing: Bought Land $(50) $(50) Cash Provided by Financing: Sold Stock $110 Piad off Note (150) Paid Dividend (70) $(110) Net Cash Flow $230 Ending Cash $340 Beginning Cash 110 Net Cash Flow $230...
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This note was uploaded on 07/28/2011 for the course MBA 800 taught by Professor Wallin during the Summer '11 term at Ohio State.

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MBA800X16 - Cash Provided by Operations: Net Income $345...

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