The following transactions occurred for That Old Company Inc. at the end of the year:
- Net Income for the year was $51,000. Depreciation Expense was $
- 1,500 shares of Common Stock were issued for $29 per share in cash.Â
- Paid 17,000 towards a note payable. No new notes were signed this year.Â
- Purchased office equipment for $4,500 in cash.Â
- Cash dividends were paid this year. Beginning retained earnings was $170,000 and ending Retained Earnings was $208,000.Â
Work through your calculations for each transaction and prepare the financing section of the statement of cash flows
Description | Amount | Total |
---|---|---|
Subcategory,Cash Flows from Financing Activities: | ||
Single line | Single line | |
Single line |