s Dery Trade has the following cash transactions for the period. Accounts 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 Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,400. 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 Anounts $ 32,000 37,000 (42,000) (10,400) 11,400 (22,400) (2,400) Required 2 > 22,000 (4,400)
s Dery Trade has the following cash transactions for the period. Accounts 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 Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,400. 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 Anounts $ 32,000 37,000 (42,000) (10,400) 11,400 (22,400) (2,400) Required 2 > 22,000 (4,400)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1
Transcribed Image Text:es
Dery Trade has the following cash transactions for the period.
Accounts
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
Cash received from the sale of an unused warehouse
Cash paid to workers.
Cash paid for advertisement
Cash received for sale of services to customers
Cash paid for dividends to stockholders
Assume the balance of cash at the beginning of the period is $3,400.
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 2 >
Amounts
$ 32,000
37,000
(42,000)
(10,400)
11,400
(22,400)
(2,400)
22,000
(4,400)
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