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Unformatted text preview: Operating Activities Cash Received from Sales 6,540,000 Cash Paid for Purchases-4,425,000 Cash Paid for Operating Expenses-2,415,000 Cash Paid for Interest Cash paid for Taxes Cash Provided by Operating Activities-300,000 Investing Activities Investments PP&E Purchase of LT Investments-225,000 1,440,000 Purchase of Equipment-750,000 225,000 750,000 Cash Used in Investing Activities-975,000 225,000 2,190,000 Financing Activities Investments 225,000 PP&E 750,000 Proceeds from Issuance of Note Payable 825,000 Cash 225,000 Cash 750,000 Issuance of Common Stock 600,000 Cash Provided by Financing Activities 1,425,000 Note Payable Common Stock 2,400,000 Change in Cash 150,000 825,000 600,000 Beginning Cash 540,000 825,000 3,000,000 Ending Cash 690,000 Cash 825,000 Cash 600,000 Notes Pay. 825,000 Common Stock 600,000 Income/Revenue Account Expense Account Change in Current Asset - OPPOSITE Change in Current Asset - SAME Change in Current Liability - SAME Change in Current Liability - OPPOSITE *Note: If you use this method, don't write your expenses as negative numbers until you transfer the item to the statement of cash flows...
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This note was uploaded on 03/20/2012 for the course ACCT 401 taught by Professor Winchel during the Spring '10 term at South Carolina.
- Spring '10