The following transactions pertain to the operations of Ewing company for year 2.
1.Acquired $30,000 cash from the issue of common stock
2.Provided $65,000 of services on account
3.Paid $22,000 cash on accounts payable
4.Performed services for $8000 cash
5.Collected $51,000 cash from accounts receivable
6.Incurred $37,000 of operating expenses on account
7.Paid $6500 cash for one years rent in advance
8.Paid a $4000 cash dividend to the stockholders
9.Paid $1200 cash for supplies to be used in the future
10.Recognize $3100 of accrued salary expense
- Prepare a statement of cash flow‘s. The beginning cash balance was $6700.