rosetta inc s records contain the following information about the 2014 cash flows ca 4373836

Rosetta Inc.’s records contain the following information about the 2014 cash flows.Cash and cash equivalents balance, December 31, 2013 ………………………………… $ 37,500Cash and cash equivalents balance, December 31, 2014 ………………………………… 84,375Cash received as interest …………………………………………………………………………… 3,750Cash paid for salaries ………………………………………………………………………………… 26,250Bonds payable retired by issuing common shares(There was no gain or loss on the retirement)……………………………………………….. 281,250Cash paid to retire long-term notes payable …………………………………………………. 91,875Cash received from sale of equipment …………………………………………………………. 37,500Cash borrowed on six-month note payable………………………………………………….. 37,500Land purchased and financed by long-term note payable ………………………………. 159,375Cash paid for store equipment …………………………………………………………………… 35,625Cash dividends paid …………………………………………………………………………………. 22,500Cash paid for income taxes……………………………………………………………………….. 30,000Cash received from customers ……………………………………………………………………. 363,750Cash paid for merchandise ………………………………………………………………………… 189,375Depreciation expense……………………………………………………………………………….. 108,750RequiredPrepare a statement of cash flows using the direct method and a note describing non-cash investing and financing activities.View Solution:
Rosetta Inc s records contain the following information about the 2014

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