Below is a summary of all transactions of Dreamworks Bedding Supplies for the month of August 2021.Cash TransactionsCash collections from: Customers $ 80,400 Sale of unused land 15,700 Issuance of common stock 30,000 Interest earned on savings account 300Cash payments for: Employee salaries (47,100) Delivery truck (34,500) Advertising expense (5,900) Office supplies (3,800) Repayment of borrowing (9,000) Bedding material (13,000)Noncash TransactionsSales to customers on account 12,300Purchase of materials on account 8,400Purchase equipment with promissory note to pay later 92,000Required: Prepare a statement of cash flows for the month of August, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $8,300.
Below is a summary of all transactions of Dreamworks Bedding Supplies for the month of August 2021.
Cash Transactions
Cash collections from:
Customers $ 80,400
Sale of unused land 15,700
Issuance of common stock 30,000
Interest earned on savings account 300
Cash payments for:
Employee salaries (47,100)
Delivery truck (34,500)
Advertising expense (5,900)
Office supplies (3,800)
Repayment of borrowing (9,000)
Bedding material (13,000)
Noncash Transactions
Sales to customers on account 12,300
Purchase of materials on account 8,400
Purchase equipment with promissory note to pay later 92,000
Required:
Prepare a statement of
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