Reconciles the beginning and ending cash balances


During the month of October 2011, Miller Company had the following transactions: 1. Revenues of $10,000 were earned and received in cash. 2. Bank loans of $2,000 were paid off. 3. Equipment of $2,500 was purchased for cash. 4. Expenses of $7,200 were paid. 5. Additional shares of capital stock were sold for $6,000 cash. Assuming that the cash balance at the beginning of the month was $7,450, prepare a statement of cash flows that displays operating, investing, and financing activities and that reconciles the beginning and ending cash balances.

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Accounting Basics: Reconciles the beginning and ending cash balances
Reference No:- TGS0683769

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