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Create a statement of cash flows

13-4a Bonds Payable The bonds payable account of Rundell Inc. decreased by $50,000, as follows: Account Bonds Payable Account No. Balance Debit Credit Debit Credit Date Item 2048 Jan. 1 Balance June 1 Retired by payment of cash at face amount 50,000 150,000 100,000 This decrease is from retiring the bonds by a cash payment for their face amount. This cash outflow is reported in the Financing Activities section as follows: Cash flows from financing activities: Cash paid to retire bonds payable $(50,000) 13-4b Common Stock The common stock account of Rundell Inc. increased by $8,000, and the paid-in capital in excess of par common stock account increased by $40,000, as follows: Account Common Stock Account No. Balance Debit Credit Debit Credit Date Item 2048 Jan. 1 Balance Nov. 1 4,000 shares issued for cash 16,000 24,000 8,000 Account Paid-In Capital in Excess of Par-Common Stock Account No. Balance Debit Credit Debit Credit Date Item 20Y8 Jan. 1 Balance Nov. 1 4,000 shares issued for cash 80,000 120,000 40,000 Account Paid-In Capital in Excess of Par-Common Stock Account No. Balance Debit Credit Debit Credit Date Item 2048 Jan. 1 Balance Nov. 1 4,000 shares issued for cash 80,000 120,000 40,000 These increases were from issuing 4,000 shares of common stock for $12 per share. This cash inflow is reported in the Financing Activities section as follows: Cash flows from financing activities: Cash received from sale of common stock $48,000 13-4a Bonds Payable The bonds payable account of Rundell Inc. decreased by $50,000, as follows: Account Bonds Payable Account No. Balance Debit Credit Debit Credit Date Item 2048 Jan. 1 Balance June 1 Retired by payment of cash at face amount 50,000 150,000 100,000 This decrease is from retiring the bonds by a cash payment for their face amount. This cash outflow is reported in the Financing Activities section as follows: Cash flows from financing activities: Cash paid to retire bonds payable $(50,000) 13-4b Common Stock The common stock account of Rundell Inc. increased by $8,000, and the paid-in capital in excess of par common stock account increased by $40,000, as follows: Account Common Stock Account No. Balance Debit Credit Debit Credit Date Item 2048 Jan. 1 Balance Nov. 1 4,000 shares issued for cash 16,000 24,000 8,000 Account Paid-In Capital in Excess of Par-Common Stock Account No. Balance Debit Credit Debit Credit Date Item 20Y8 Jan. 1 Balance Nov. 1 4,000 shares issued for cash 80,000 120,000 40,000 Account Paid-In Capital in Excess of Par-Common Stock Account No. Balance Debit Credit Debit Credit Date Item 2048 Jan. 1 Balance Nov. 1 4,000 shares issued for cash 80,000 120,000 40,000 These increases were from issuing 4,000 shares of common stock for $12 per share. This cash inflow is reported in the Financing Activities section as follows: Cash flows from financing activities: Cash received from sale of common stock $48,000

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