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Audrey Jhingree opened an ice cream parlor in a university town. The parlor specializes in ice cream combinations named after popular professors in the business department of the university. You have been hired as a manger. Your duties include maintaining the store's financial records. The following transactions occurred in April 2012, the first month of operations:
Using the information provided above, complete the following for Audrey Jhingree's ice cream parlor. To complete this problem, you may wish to use the Excel template provided in the resources.
Problem 2-1: Audrey's Ice Cream Parlor
Account 2014 2013 2012
For the transactions listed in Problem 2-1, prepare a statement of cash flows for the month of April 2012. Use textbooks or Internet sources for information on the format and contents of a statement of cash flows. To complete this problem, you may wish to use the Excel template provided in the resources.
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