Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021.Cash TransactionsCash collections from: Customers $ 93,500 Sale of unused warehouse 36,000 Bank borrowing 26,000Cash payments for: Employee salaries (65,300) Office rent (19,000) Manufacturing equipment (46,000) Office utilities (11,800) Dividends to stockholders (6,700) Materials to make toys (27,700)Noncash TransactionsSales to customers on account 16,400Purchase of materials on account 13,900Purchase equipment with promissory note to pay later 18,500Required:Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $25,500.
Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021.
Cash Transactions
Cash collections from:
Customers $ 93,500
Sale of unused warehouse 36,000
Bank borrowing 26,000
Cash payments for:
Employee salaries (65,300)
Office rent (19,000)
Manufacturing equipment (46,000)
Office utilities (11,800)
Dividends to stockholders (6,700)
Materials to make toys (27,700)
Noncash Transactions
Sales to customers on account 16,400
Purchase of materials on account 13,900
Purchase equipment with promissory note to pay later 18,500
Required:
Prepare a statement of
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