Jelly Bean, Inc. began 2014 with cash of $ 53,000.
$13.11
Jelly Bean, Inc. began 2014 with cash of $ 53,000. During the year, Jelly Bean earned revenue of $ 597,000 and collected $ 621,000 from customers. Expenses for the year totaled $ 437,000, of which Jelly Bean paid $ 227,000 in cash to suppliers and $ 200,000 in cash to employees. Jelly Bean also paid $ 145,000 to purchase equipment and a cash dividend of $ 54,000 to its stockholders during 2014. ,Prepare the company’s statement of cash flows for the year ended December 31, 2014. Format operating activities by the direct method.
Reviews
There are no reviews yet.