Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided informationCash balance, December 1, 2016 is $18,200TransactionsDec.1The owner contributed an additional $8,100 cash to the business in exchange for capital. 7Purchased equipment for $2,000 on account. 14Paid $20,100 cash for land. 17Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $300. 23The owner withdrew $2,600. 26Earned service revenue for the month, $5,100, receiving cash. P.CO工LLProprietorship - Personal - Microsoft Edgearsoncmg.com/activity/8/4/2Collections from customersPayments:For rentFor utilitiesFor salariesNet cash provided (used) byoperating activitiesCash flows frominvesting activitiesAcquisition of LandNet cash provided (used) byinvesting activitiesCash flows fromfinancing activitiesOwner contributionOwner withdrawalNet cash provided (used) byfinancing activitiesNet increase (decrease) in cashCash balance, December 1, 2016Cash balance, December 31, 2016+66N9:51 AMhuluVideo4/24/2022prt schomeendinsertdeleteF2F4F8F10F11F1264$backspace49.6.3.512.YKaltctrl ΣCOINLLProprietorship- Personal - Microsoft Edgersoncmg.com/activity/8/4/2SMART TOUCH LEARNINGStatement of Cash FlowsMonth Ended December 31, 2016Cash flows fromoperating activitiesReceipts:Collections from customersPayments:For rentFor utilitiesFor salariesNet cash provided (used) byoperating activitiesCash flows frominvesting activitiesAcquisition of LandNet cash provided (used) byinvesting activitiesCash flows fromfinancing activitiesOwner contributionhulu9:51 AM+66video4/24/2022deleteprt scF10homeendinsertF2F4F8F12#3backspace9.63.4.2.5.RKH.dn bd

The cash flow statement tells about the cash flow from various activities such as operating…

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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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Question

Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information

Cash balance, December 1, 2016 is $18,200
Transactions
Dec.	1	The owner contributed an additional $8,100 cash to the business in exchange for capital.
	7	Purchased equipment for $2,000 on account.
	14	Paid $20,100 cash for land.
	17	Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $300.
	23	The owner withdrew $2,600.
	26	Earned service revenue for the month, $5,100, receiving cash.

P.
CO
工
LL
Proprietorship - Personal - Microsoft Edge
arsoncmg.com/activity/8/4/2
Collections from customers
Payments:
For rent
For utilities
For salaries
Net cash provided (used) by
operating activities
Cash flows from
investing activities
Acquisition of Land
Net cash provided (used) by
investing activities
Cash flows from
financing activities
Owner contribution
Owner withdrawal
Net cash provided (used) by
financing activities
Net increase (decrease) in cash
Cash balance, December 1, 2016
Cash balance, December 31, 2016
+66
N
9:51 AM
hulu
Video
4/24/2022
prt sc
home
end
insert
delete
F2
F4
F8
F10
F11
F12
64
$
backspace
4
9.
6.
3.
51
2.
Y
K
alt
ctrl

Σ
CO
IN
LL
Proprietorship- Personal - Microsoft Edge
rsoncmg.com/activity/8/4/2
SMART TOUCH LEARNING
Statement of Cash Flows
Month Ended December 31, 2016
Cash flows from
operating activities
Receipts:
Collections from customers
Payments:
For rent
For utilities
For salaries
Net cash provided (used) by
operating activities
Cash flows from
investing activities
Acquisition of Land
Net cash provided (used) by
investing activities
Cash flows from
financing activities
Owner contribution
hulu
9:51 AM
+66
video
4/24/2022
delete
prt sc
F10
home
end
insert
F2
F4
F8
F12
#3
backspace
9.
6
3.
4.
2.
5.
R
K
H.
dn bd

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