Cash Flows from Operating ActivitiesCash inflows:DERY TRADEStatement of Cash FlowsFrom sale of products to customersFrom sale of services to customersCash outflows:For workersFor advertisementFor merchandise suppliersNet cash flows from operating activitiesCash Flows from Investing ActivitiesPurchase factory equipmentSale of warehouseNet cash flows used in investing activitiesCash Flows from Financing ActivitiesNet cash flows from financing activitiesCash at the beginning of the yearCash at the end of the year$33,50023,500(22,700)(2,700)(10,700)(43,500)11,700$$20,900(31,800)00 Dery Trade has the following cash transactions for the period.AccountsCash received from sale of products to customersCash received from the bank for long-term loanCash paid to purchase factory equipmentCash paid to merchandise suppliersCash received from the sale of an unused warehouseCash paid to workersCash paid for advertisementCash received for sale of services to customersCash paid for dividends to stockholdersAssume the balance of cash at the beginning of the period is $3,700.Required:1. Calculate the ending balance of cash.2. Prepare a statement of cash flows.Amounts$33,50038,500(43,500)(10,700)11,700(22,700)(2,700)23,500(4,700)

Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,700. Required: 1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows $33,500 38,500 (43,500) (10,700) 11,700 (22,700) (2,700) 23,500 (4,700)

Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,700. Required: 1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows $33,500 38,500 (43,500) (10,700) 11,700 (22,700) (2,700) 23,500 (4,700)

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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Subject:- accounting
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