Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term borrowing $250,000 B Cash provided from consulting customers 125,000 |CCash used for payment of office rent 5,000 DCash used for purchase of office equipment 30,000 E Cash used to pay office utilities F Cash used for payment of employee salaries 1,200 24,300 GCash provided from sale of equipment that had been used in operations 20,000 HCash used to pay the bank for a loan due this month 175,000 I Cash used for purchase of office supplies 100 Purchase of company vehicle paying 30% cash and borrowing the rest. 30,000 Refer to transaction J, how much shou be included in cash used from investing activities? 16. $ 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ Determine the cash flows from investing activities (include “_“ if needed) 19. $ Determine the cash flows from financing activities (include “_“ if needed) 20. $ How much did cash change over the vear?
Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term borrowing $250,000 B Cash provided from consulting customers 125,000 |CCash used for payment of office rent 5,000 DCash used for purchase of office equipment 30,000 E Cash used to pay office utilities F Cash used for payment of employee salaries 1,200 24,300 GCash provided from sale of equipment that had been used in operations 20,000 HCash used to pay the bank for a loan due this month 175,000 I Cash used for purchase of office supplies 100 Purchase of company vehicle paying 30% cash and borrowing the rest. 30,000 Refer to transaction J, how much shou be included in cash used from investing activities? 16. $ 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ Determine the cash flows from investing activities (include “_“ if needed) 19. $ Determine the cash flows from financing activities (include “_“ if needed) 20. $ How much did cash change over the vear?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 19 and 20
Transcribed Image Text:Use the following to answer questions 16 – 20
Following are the transaction of TR Inc., which provides
consulting services related to mining of precious metals.
Amount of
Transaction
Transaction
ACash provided from long-term borrowing
$250,000
BCash provided from consulting customers
125,000
|CCash used for payment of office rent
5,000
PCash used for purchase of office equipment
30,000
E Cash used to pay office utilities
1,200
FCash used for payment of employee salaries
24,300
G|Cash provided from sale of equipment that had been used in operations
20,000
HCash used to pay the bank for a loan due this month
175,000
I Cash used for purchase of office supplies
100
Purchase of company vehicle paying 30% cash and borrowing the rest.
30,000
16. $
be included in cash used from investing activities?
Refer to transaction J, how much should
17. $
Determine the cash flows from
operating activities (include “_“ if needed)
18. $
Determine the cash flows from
investing activities (include "-“ if needed)
19. $
Determine the cash flows from
financing activities (include "-“ if needed)
20. $
How much did cash change over the
year?
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