Below are cash transactions for a company, which provides consulting services related to mining of precious metals. a. Cash used for purchase of office supplies, $1,650. b. Cash provided from consulting to customers, $43,100. c. Cash used for purchase of mining equipment, $68,000. d. Cash provided from long-term borrowing, $55,000. e. Cash used for payment of employee salaries, $23,500. f. Cash used for payment of office rent, $11,500. g. Cash provided from sale of equipment purchased in c. above, $22,000. h. Cash used to repay a portion of the long-term borrowing in d. above, $37,500. i. Cash used to pay office utilities, $3,800. J. Purchase of company vehicle, paying $9,500 cash.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Below are cash transactions for a company, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $1,650.
b. Cash provided from consulting to customers, $43,100.
c. Cash used for purchase of mining equipment, $68,000.
d. Cash provided from long-term borrowing, $55,000.
e. Cash used for payment of employee salaries, $23,500.
f. Cash used for payment of office rent, $11,500.
g. Cash provided from sale of equipment purchased in c. above, $22,000.
h. Cash used to repay a portion of the long-term borrowing in d. above, $37,500.
i. Cash used to pay office utilities, $3,800.
J. Purchase of company vehicle, paying $9,500 cash.
Transcribed Image Text:Below are cash transactions for a company, which provides consulting services related to mining of precious metals. a. Cash used for purchase of office supplies, $1,650. b. Cash provided from consulting to customers, $43,100. c. Cash used for purchase of mining equipment, $68,000. d. Cash provided from long-term borrowing, $55,000. e. Cash used for payment of employee salaries, $23,500. f. Cash used for payment of office rent, $11,500. g. Cash provided from sale of equipment purchased in c. above, $22,000. h. Cash used to repay a portion of the long-term borrowing in d. above, $37,500. i. Cash used to pay office utilities, $3,800. J. Purchase of company vehicle, paying $9,500 cash.
Required:
Calculate cash flows from investing activities. (List cash outflows as negative amounts.)
Cash flows from investing activities
2$
Transcribed Image Text:Required: Calculate cash flows from investing activities. (List cash outflows as negative amounts.) Cash flows from investing activities 2$
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