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(Solved): The Following Is A Summary Of Cash Transactions For Acme Company For The Year Ended 12.31.2019. Amou...
The following is a summary of cash transactions for Acme Company for the year ended 12.31.2019. Amounts in (000). Receipts Payments Balance on 1.1.2017 150 Payments to Creditors 6,000 Issue of Equity Shares Purchase of Fixed Assets 600 Receipts from Customers 8,400 Expenses 600 Sale of Fixed Assets 300 Wages and Salaries 300 Taxes 750 Dividends 150 Repayment of Bank Loan 900 Balance on 12.31.2017 450 900 9,750 9,750 Prepare a Cash Flow Statement for the year ended 12.31.2019.
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