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c. The accounting equation Assets = abil ties + Equity should remain in balance after each transaction. The accounting equation sca cu a automatical y to the right of the ta sa tio table. Description Assets Liabilitie Owners Equity Account Total Owners A Accounts Office Stefanni, Stefanni, Service Rent Salaries TotaTotal Cash Recevable Supplies Land Payable Capital Withdrawals RevenueExpense Expense Assets LiabilitiesEquityL.E ···. - Received $50,000 cash from the 1 owner, Luigi Stefann +50,000 50,000 +50,000 50,000 Balance 50,000 50,000TRUEReceived $50,000 cash from the 1 owner, Luigi Stefanni. +50,000 0,000 23,000 27,000 +50,000 50,000 Balance 50,000 0,000TRUE 2 Purchased land for $23,000 cash +23,000 23,000 Balance 50,000 50,000 50,000 TRUE Purchased $300 of office supplies 3 on account +300 +300 300 Balance Received $7,500 cash for services 27,000 300 23,000 50,000 50,300 300 50,000TRUE 4 performed Balance 34,500 0 300 23,000 300 50,000 0 57,800 30057 500 TRUE Performed services on account, +2,000 +2,000 0 9,500 Balance 34,500 300 23,000 300 50,000 59,800 0059,500 TRUE Paid in cash: $1,500 for rent& es salaries 100 for em 1,500 100 100 600 31,900 250 31,650 Balance 300 23,000 0,000 57,200 300 56,900TRUE 300 250 50 0 9,500-1,500 7 Paid $250 to creditor on account. Balance 30023,000 50,000 09,5001,5001,100 56,950 5056,900 TRUE Collected $1,600 from customers 8 on account +1,600 33,250 600 Balance 400 300 23,000 50 50,000 이 9,500| -1,500 100 56,950 50 56,900TRUE Stefanni withdrew $4,000 cash from the business. 9 4,000 29,250 4,000 4,000 9,5001,5001,100 Balance 30023,000 50,000 52,950 052,900 TRUECash Flows from operating activities: Receipts: Collections from customers auments: B11 Collections from customers Total Payments Net cash provided by operating activities ployees Cash flows from investing activities: Acquisition of land Net cash used by investing activities Cash flows from financing activities: Owner contribution Owner withdrawal Net cash provided by financing activities Net increase in cash Cash balance, November 1, 2018 Cash balance, November 30, 2018

COULD YOU FILL THIS CASH FLOWS

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Answer #1
Answer: The cash flow statement would be prepared as follows:
Cash flow from operating activity Working
Receipts:
Collection from customers 9100 (7500+1600)
Payments:
Employees 1100
Rent 1500
Payment to supplier 250
Total payments -2850 (1100+1500+250)
Net cash provided by operating activities 6250 9100-6250
Cash flows from investing activities:
Acquisition of land -23000
Net cash used by investing activities -23000
Cash flow from financing activities:
Owner contribution 0
Owner withdrawal -4000
Net cash provided by financing activities -4000
Net increase in cash -20750 (6250-2300-4000)
Cash balance, November 1, 2018 50000
Cash balance, November 30, 2018 29250
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