Below is a summary of all transactions of Dreamworks Bedding Supplies for the month of August 2021. Cash Transactions Cash collections from: Customers $81,900 Sale of unused land 15,400 Issuance of common stock 27,000 Interest earned on savings account 270 Cash payments for: Employee salaries (46,800) Delivery truck (33,900) Advertising expense (5,600) Office supplies (3,500) Repayment of borrowing (8,700) Bedding material (16,000) Noncash Transactions Sales to customers on account 12,000 Purchase of materials on account 8,100 Purchase equipment with promissory note to pay later 89,000 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 $8,000. (List cash outflows and decrease in cash as negative amounts.) DREAMWORKS BEDDING SUPPLIES Statement of Cash Flows For the month ended August 31, 2021 Cash Flows from Operating Activities Cash inflows: From customers Cash outflows: Net cash flows from operating activities $0 Cash Flows from Investing Activities Net cash flows from investing activities 0 Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the month Cash at the end of the month $0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Below is a summary of all transactions of Dreamworks Bedding Supplies for the month of August 2021.

Cash Transactions
Cash collections from:
Customers		$81,900
Sale of unused land		15,400
Issuance of common stock		27,000
Interest earned on savings account		270
Cash payments for:
Employee salaries		(46,800)
Delivery truck		(33,900)
Advertising expense		(5,600)
Office supplies		(3,500)
Repayment of borrowing		(8,700)
Bedding material		(16,000)
Noncash Transactions
Sales to customers on account		12,000
Purchase of materials on account		8,100
Purchase equipment with promissory note to pay later		89,000

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 $8,000. (List cash outflows and decrease in cash as negative amounts.)

DREAMWORKS BEDDING SUPPLIES
Statement of Cash Flows
For the month ended August 31, 2021
Cash Flows from Operating Activities
Cash inflows:
From customers



Cash outflows:






Net cash flows from operating activities		$0
Cash Flows from Investing Activities




Net cash flows from investing activities		0
Cash Flows from Financing Activities




Net cash flows from financing activities		0

Cash at the beginning of the month
Cash at the end of the month		$0