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Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month, Supplies on hand end of month $1,000, Dividends $10,000 cash paid at end of month. Create a Cash Flow Statement and type in you answers: do not add $ sign Cash Flow from Investments?

Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month, Supplies on hand end of month $1,000, Dividends $10,000 cash paid at end of month. Create a Cash Flow Statement and type in you answers: do not add $ sign Cash Flow from Investments?

FINANCIAL ACCOUNTING
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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Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month, Supplies on hand end of month $1,000, Dividends $10,000 cash paid at end of month. Create a Cash Flow Statement and type in you answers: do not add $ sign Cash Flow from Investments?
Transcribed Image Text:Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month, Supplies on hand end of month $1,000, Dividends $10,000 cash paid at end of month. Create a Cash Flow Statement and type in you answers: do not add $ sign Cash Flow from Investments?
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