The following summary transactions occurred during 2013 for Bluebonnet Bakers: BUKORZ H Cash Received from: $380,000 Customers 6,000 Interest on note receivable 50,000 Principal on note receivable Sale of investments 30,000 Proceeds from note payable SE 100,000 Cash Paid for: Purchase of inventory 160,000 Interest on note payable 5,000 Purchase of equipment 85,000 Salaries to employees 90,000 Principal on note payable 25,000 Payment of dividends to shareholderste dos 20,000 The balance of cash and cash equivalents at the beginning of 2013 was $17,000. 101 hugo braan Required: Joogia 14 Prepare a statement of cash flows for 2013 for Bluebonnet Bakers, assuming that dividends paid is classified as an operating cash flow, interest received is classified as an investing cash flow, and interest paid is classified as a financing cash flow. Use the direct method for reporting operating activities.
The following summary transactions occurred during 2013 for Bluebonnet Bakers:
BUKORZ H
Cash Received from:
$380,000
Customers
6,000
Interest on note receivable
50,000
Principal on note receivable
Sale of investments
30,000
Proceeds from note payable
SE 100,000
Cash Paid for:
Purchase of inventory
160,000
Interest on note payable
5,000
Purchase of equipment
85,000
Salaries to employees
90,000
Principal on note payable
25,000
Payment of dividends to shareholderste dos 20,000
The balance of cash and cash equivalents at the beginning of 2013 was $17,000.
101
hugo braan Required:
Joogia
14
Prepare a statement of
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