Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers. Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,300. Required: 1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.) Cash Flows from Operating Activities Cash inflows: Cash outflows: TAUBE TRADE Statement of Cash Flows Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows used in investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year Amounts $31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300)

Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers. Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,300. Required: 1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.) Cash Flows from Operating Activities Cash inflows: Cash outflows: TAUBE TRADE Statement of Cash Flows Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows used in investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year Amounts $31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Taube Trade has the following cash transactions for the period.

Accounts
Cash received from sale of products to customers
Cash received from the bank for long-term loan
Cash paid to purchase factory equipment
Cash paid to merchandise suppliers
Cash received from the sale of an unused warehouse
Cash paid to workers.
Cash paid for advertisement
Cash received for sale of services to customers
Cash paid for dividends to stockholders
Assume the balance of cash at the beginning of the period is $3,300.
Required:
1. Calculate the ending balance of cash.
2. Prepare a statement of cash flows.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.)
Cash Flows from Operating Activities
Cash inflows:
Cash outflows:
TAUBE TRADE
Statement of Cash Flows
Net cash flows from operating activities
Cash Flows from Investing Activities
Net cash flows used in investing activities
Cash Flows from Financing Activities
Net cash flows from financing activities
Cash at the beginning of the year
Cash at the end of the year
Amounts
$31,500
36,500
(41,500)
(10,300)
11,300
(22,300)
(2,300)
21,500
(4,300)

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