Cash Flows from Investing Activities Assignment

CONSULTEX, INC. Balance Sheet October 31 2018 2017 Assets $ 8,650 $11,400 11,600 Cash Accounts Receivable 13,200 1,800 26,000 $49,650 $37,600 Prepaid Rent 2,600 Land 12,000 Total Assets Liabilities and Stockholders' Equity Salaries and Wages Payable Income Taxes Payable Notes Payable (long-term) $ 1,800 $ 2,600 1,200 13,200 19,000 1,200 11,600 Common Stock 8,600 Retained Earnings 13,600 $49,650 $37,600 14,450 Total Liabilities and Stockholders' Equity

CONSULTEX, INC. Income Statement For the Year Ended October 31 2018 2017 $156,000 97,600 35,600 19,300 3,500 1,050 $ Sales Revenue $159,000 96,600 29,600 19,600 Salaries and Wages Expense Rent Expense Utilities Expenses Income before Income Tax Expense 13,200 3,960 9,240 Income Tax Expense 2,450 $ Net Income CONSULTEX, INC. Statement of Cash Flows For the Year Ended October 31, 2018 Cash Flows from Operating Activities: Changes in Current Assets and Current Liabilities Cash Flows from Investing Activities: Cash Flows from Financing Activities: Get Accounting homework help today

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