Preparing Statement of Cash Flows Maines, Inc., had a cash balance at the beginning of the year of $72,000. During the year, the following cash flows occurred: 11eb742a_6c0f_b8db_a720_839cb88b011a_SM1621_00 Prepare an abbreviated statement of cash flows, including a reconciliation of the beginning and ending cash balances for the year.

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Edition 17ISBN: 978-0078025778

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Edition 17ISBN: 978-0078025778

Exercise 38

Preparing Statement of Cash Flows
Maines, Inc., had a cash balance at the beginning of the year of $72,000. During the year, the following cash flows occurred:

Prepare an abbreviated statement of cash flows, including a reconciliation of the beginning and ending cash balances for the year.

Explanation

Verified

Determination of the closing cash balanc...