Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Net cash 19.200 873.600 Payments for goods 480,000 14,400 Payments for operating expenses 336.000 86,400 interest paid Taxes paid Dividends paid 720,000 758.400 24,000 by financing activities 19,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a signea-15,000 or in parenthesis eas (15,0001) 96,000
Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Net cash 19.200 873.600 Payments for goods 480,000 14,400 Payments for operating expenses 336.000 86,400 interest paid Taxes paid Dividends paid 720,000 758.400 24,000 by financing activities 19,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a signea-15,000 or in parenthesis eas (15,0001) 96,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following T-account is a summary of the cash account of Sandhill Company
Cash (Summary Form)
Balance, Jan. 1
Receipts from customers
Dividends on stock investments
Proceeds from sale of equipment
Proceeds from issuance of
bonds payable
Balance, Dec. 31
Net cash
19.200
873.600 Payments for goods
480,000
14,400 Payments for operating expenses 336.000
86400
Interest paid
24,000
Taxes paid
19,200
720,000 Dividends paid
96,000
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that
decrease cash flow with either a sign ea 15,000 or in parenthesis eg. (15,0001)
by financing activities $
eTextbook and Media
758,400
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