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. Cash $ 2,000 Cash dividends $ 3,360 Accounts receivable 13,000 Consulting fees earned 15,000 Office supplies 4,250 Rent expense 2,550 Land 36,000 Salaries expense 6,000 Office equipment 28,000 Telephone expense 660 Accounts payable 7,500 Miscellaneous expenses 680 Common stock 74,000 Also assume the following: a. The owner's initial investment consists of $38,000 cash and $36,000 in land in exchange for common stock. b. The company's $28,000 equipment purchase is paid in cash. c. 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. d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. $2,000 has been collected on the $15,000 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Real Solutions.

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. Cash $ 2,000 Cash dividends $ 3,360 Accounts...

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.

Cash	$	2,000	Cash dividends	$	3,360
Accounts receivable	13,000	Consulting fees earned	15,000
Office supplies	4,250	Rent expense	2,550
Land	36,000	Salaries expense	6,000
Office equipment	28,000	Telephone expense	660
Accounts payable	7,500	Miscellaneous expenses	680
Common stock	74,000

Also assume the following:

a.	The owner's initial investment consists of $38,000 cash and $36,000 in land in exchange for common stock.
b.	The company's $28,000 equipment purchase is paid in cash.
c.	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.
d.	The company's rent, telephone, and miscellaneous expenses are paid in cash.
e.	$2,000 has been collected on the $15,000 consulting fees earned.

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

May 15, 2022

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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. Cash $ 2,000 Cash dividends $ 3,360 Accounts...

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