ACC 305 Week 2 Assignment
E4-16 Bluebonnet Bakers
E4-16 The following summary transactions occurred during 2011 for
Bluebonnet Bakers:
E4-16 Statement of cash
flows preparation
ACC 305 Week 2 E4-16 Bluebonnet Bakers
The following summary
transactions occurred during 2011 for Bluebonnet Bakers:
Cash received from:
Customers $380,000 interest on note receivable 6,000 Principal on note
receivable 50,000 sale of investments 30,000 Proceeds from note payable 5,000
Purchase of equipment 85,000 salaries to employees 90,000 Principal on note
payable 25,000 payment of dividends to shareholders
The balance of cash and cash equivalents at the beginning of
2011 was $17,000.
Required:
Prepare a statement of cash flows for 2011 for Bluebonnet
Bakers. Use the direct method for reporting operating activities.
File name: ACC-305-Week-2-E4-16-Bluebonnet-Bakers.doc
File type:
application/msword Price: $4
