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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Prepare the Statement of
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. |
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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
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CO
工
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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
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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
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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
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prt sc
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home
end
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F12
#3
backspace
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