Problem 7-26

Statement of cash flows for the year ended december

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Unformatted text preview: Stock Beginning Retained Earnings Add: Net Income Ending Retained Earnings Total Stockholders’ Equity Stockholders’ Equity Common Retained Acct. Title/RE Stock Earnings 0 0 46,500 46,500 46,500 Artesia Co. Balance Sheet As of December 31, 2012 Assets Cash Total Assets Liabilities Sales Tax Payable Interest Payable Notes Payable Total Liabilities Stockholders’ Equity Retained Earnings Total Stockholders’ Equity Total Liabilities and Stockholders’ Equity 89,200 89,200 1,200 1,500 40,000 42,700 46,500 46,500 89,200 Artesia Co. Statement of Cash Flows For the Year Ended December 31, 2012 Cash Flows From Operating Activities: Inflow from Customers 120,000 Inflow from Sales Tax 7,200 Ou...
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This document was uploaded on 03/24/2014.

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