statement of cash flows

P14A-15A

To prepare the statement of cash flows, accountants for E-Mobile, Inc., have summarized 2012 activity in the Cash account as follows:

Cash

Beginning balance       87,200                        Payments of operating expenses         46,800

Issuance of common stock      60,200            Payments of salaries and wages          64,500

Receipts of interest revenue    16,100            Payment of note payable        79,000

Collections from customers    308,400          Payment of income tax           7,500

Payments of accounts payable            101,600

Payments of dividends           1,400

Payment of interest     21,700

Purchase of equipment            49,500

Ending Balance           99,900

Requirement:

1. Prepare E-Mobile’s statement of cash flows for the year ended December 31, 2012, using the direct method to report operating activities.

 

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