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The following summary transactions occurred during 2024 for Bluebonn.pdf
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The following summary transactions occurred during 2024 for Bluebonn.pdf

  1. The following summary transactions occurred during 2024 for Bluebonnet Bakers: The balance of cash and cash equivalents at the beginning of 2024 was $17,000. Required: Prepare a statement of cash flows for 2024 for Bluebonnet Bakers. Use the direct method for reporting operating activities. Note: Amounts to be deducted should be indicated with a minus sign. Cash Received from:Collections from customers$ 380,000Interest on notes receivable6,000Collection of notes receivable50,000Sale of investments30,000Issuance of notes payable100,000Cash Paid for:Purchase of inventory160,000Interest on notes payable5,000Purchase of equipment85,000Salaries to employees90,000Payment of notes payable25,000Dividends to shareholders20,000
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