Eastern Technologies made the following cash payments during April 2025: Transaction Description Amount ($) Activity Type Purchase of land 120,000 ? Utilities payment 5,400 ? Purchase of supplies 8,700 ? Loan repayment 25,000 ? Advertising expense 3,200 ? Salaries 12,500 ? What is the total amount of cash paid for operating activities? a. $29,800 b. $120,000 c. $145,000 d. $174,800

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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Eastern Technologies made the following cash payments during April 2025:
Transaction Description Amount ($) Activity Type
Purchase of land
120,000
?
Utilities payment
5,400
?
Purchase of supplies
8,700
?
Loan repayment
25,000
?
Advertising expense
3,200
?
Salaries
12,500
?
What is the total amount of cash paid for operating activities?
a. $29,800
b. $120,000
c. $145,000
d. $174,800
Transcribed Image Text:Eastern Technologies made the following cash payments during April 2025: Transaction Description Amount ($) Activity Type Purchase of land 120,000 ? Utilities payment 5,400 ? Purchase of supplies 8,700 ? Loan repayment 25,000 ? Advertising expense 3,200 ? Salaries 12,500 ? What is the total amount of cash paid for operating activities? a. $29,800 b. $120,000 c. $145,000 d. $174,800
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