Description For this Assignment 7, you will need to create a Statement of Cash Flows. To create thi ...

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Description For this Assignment 7, you will need to create a Statement of Cash Flows. To create this financial statement, you should use the transaction ledger that was completed in Assignment 5 (key previously posted on GoogleDrive under Assignments). Make sure to download a key from the “Extra Docs” tab on BB. You will first need to indicate if each transaction would fall into the operating (“O”), financing (“F”), or investing (“I”) section of the Statement of Cash Flows. If this is not applicable to the transaction, mark the transaction with an “X”. Then, make sure to label and classify accounts and amounts correctly on the statement. You should make sure to list subtotals for each section of the statement, the change in cash, in addition to the beginning and ending cash balance. This assignment is worth a total of 16 points with the classification being worth 3 points and the statement itself being worth 12 points.