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On October 1, Natalie King organized Real Solutions, a new consulting firm. On O

ID: 2363331 • Letter: O

Question

On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts.

The owner's initial investment consists of $38,000 cash and $36,000 in land in exchange for common stock.

The accounts payable balance of $7,500 consists of the $4,250 office supplies purchase and $3,250 in employee salaries yet to be paid.

Using the above information prepare an October 31 statement of cash flows for Real Solutions.


I need to complete it with a statement of cash flows. Thank you for helping.

On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts.

Explanation / Answer

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