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Jelly Bean, Inc., began 2012 with cash of $53,000. During the year Jelly Bean earned revenue of $597,000 and collected $621,000 from customers. Expenses for the year totaled $437,000, of which Jelly Bean paid $427,000 in cash to suppliers and employees. Jelly Bean also paid $145,000 to purchase equipment and a cash dividend of $54,000 to its stockholders during 2012.


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1. Prepare the company’s statement of cash flows for the year ended December 31, 2012. Format operating activities by the direct method.

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How do you do Warren and Duchecs Managerial Accounting Problem Pr. 7-5 12th edition?

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Q: What is the solution to PR 5-1a in warren reeve financial and managerial accounting 9e?
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