Assume you have access to the ledger (specifically, the detail of the cash account) for New Company, represented by the following T account:
|
Cash |
|||
|
Beg. Bal. |
11,500 |
(2) |
75,000 |
|
(1) |
150,000 |
(3) |
60,000 |
|
(4) |
6,000 |
(5) |
5,500 |
|
(6) |
30,000 |
(7) |
25,000 |
|
(8) |
12,000 |
(9) |
15,000 |
|
End. Bal. |
29,000 |
The transactions that are represented by posting entries (1) through (9) in the cash account are as follows:
1.Collections on account
2.Payments for wages and salaries
3.Payments for inventory
4.Proceeds from sale of equipment
5.Payments of dividends
6.Proceeds from new bank loan
7.Payments for other cash operating expenses
8.Proceeds from sale of nontrading securities
9.Payments for taxes
From these data, prepare a statement of cash flows for New Company for the year ended December 31, 2002.