Please read through the questions carefully and enter answers carefully with the table provided Dery Trade has the following cash transactions for the period.AccountsAmountscash received from sale of products to customersCash received from the bank for long-term loanCash paid to purchase factory equipmentCash paid to merchandise suppliers$38, 00043, 000(48, 000)(11, 600)Cash received from the sale of an unused warehouse12, 600(23, 600)(3, 600)Cash paid to workerscash paid for advertisementcash received for sale of services to customerscash paid for dividends to stockholders28, 000(5, 600)Assume the balance of cash at the beginning of the period is $4,600.Required:1. Calculate the ending balance of cash.2. Prepare a statement of cash flows.Complete this question by entering your answers in the tabs below.Required 1Required 2Calculate the ending balance of cash.Ending balanceRequired 1Required 2 > Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.)DERY TRADEStatement of Cash FlowsCash Flows from Operating ActivitiesCash inflows:Cash outflows:Net cash flows from operating activities24Cash Flows from Investing ActivitiesNet cash flows used in investing activitiesCash Flows from Financing ActivitiesNet cash flows from financing activitiesCash at the beginning of the yearCash at the end of the year2$

Answered: Dery Trade has the following cash…

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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Please read through the questions carefully and enter answers carefully with the table provided

Dery Trade has the following cash transactions for the period.
Accounts
Amounts
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
$38, 000
43, 000
(48, 000)
(11, 600)
Cash received from the sale of an unused warehouse
12, 600
(23, 600)
(3, 600)
Cash paid to workers
cash paid for advertisement
cash received for sale of services to customers
cash paid for dividends to stockholders
28, 000
(5, 600)
Assume the balance of cash at the beginning of the period is $4,600.
Required:
1. Calculate the ending balance of cash.
2. Prepare a statement of cash flows.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Calculate the ending balance of cash.
Ending balance
Required 1
Required 2 >

Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.)
DERY TRADE
Statement of Cash Flows
Cash Flows from Operating Activities
Cash inflows:
Cash outflows:
Net cash flows from operating activities
24
Cash Flows from Investing Activities
Net cash flows used in investing activities
Cash Flows from Financing Activities
Net cash flows from financing activities
Cash at the beginning of the year
Cash at the end of the year
2$

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A cash flow statement is a financial statement that describes all cash inflows received by a company from both ongoing activities and external investment sources. It also comprises all expenses for business and investment operations over a given time period. Investors and analysts may see a picture of all the transactions in a company's financial records, and each action contributes to the company's success. The cash flow statement is regarded to be the most intuitive of all financial statements since it records the cash created by the organization in three basic ways: operations, investment, and financing.

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