summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. Cash receipts: Cash received from customers $81,180 Cash received from additional investment by owner 14,720 Cash payments: Cash paid for expenses $28,750 Cash paid for land 62,520 Cash paid for supplies 490 Drawing 7,280 Cash balance as of January 1 $5,830 Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases in cash Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: cash flow from financing activities Net change in cash during year Cash as of January 1 Cash as of December 31
summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. Cash receipts: Cash received from customers $81,180 Cash received from additional investment by owner 14,720 Cash payments: Cash paid for expenses $28,750 Cash paid for land 62,520 Cash paid for supplies 490 Drawing 7,280 Cash balance as of January 1 $5,830 Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases in cash Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: cash flow from financing activities Net change in cash during year Cash as of January 1 Cash as of December 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![summary of cash flows for Linda's Design Services for the year ended December 31 is shown below.
Cash receipts:
Cash received from customers
$81,180
Cash received from additional investment by owner
14,720
Cash payments:
Cash paid for expenses
$28,750
Cash paid for land
62,520
Cash paid for supplies
490
Drawing
7,280
Cash balance as of January 1
$5,830
Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases in
cash](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F518b79be-9862-4d2d-bf0b-302b05cd17e5%2F6a5531ce-12f2-4a8a-9ad5-8d7fa3db977d%2F61yi498.png&w=3840&q=75)
Transcribed Image Text:summary of cash flows for Linda's Design Services for the year ended December 31 is shown below.
Cash receipts:
Cash received from customers
$81,180
Cash received from additional investment by owner
14,720
Cash payments:
Cash paid for expenses
$28,750
Cash paid for land
62,520
Cash paid for supplies
490
Drawing
7,280
Cash balance as of January 1
$5,830
Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases in
cash
![Linda's Design Services
Statement of Cash Flows
For the Year Ended December 31
Cash flows from operating activities:
Net cash flow from operating activities
Cash flows from investing activities:
Cash flows from financing activities:
cash flow from financing activities
Net change in cash during year
Cash as of January 1
Cash as of December 31](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F518b79be-9862-4d2d-bf0b-302b05cd17e5%2F6a5531ce-12f2-4a8a-9ad5-8d7fa3db977d%2Fc50pf0b.png&w=3840&q=75)
Transcribed Image Text:Linda's Design Services
Statement of Cash Flows
For the Year Ended December 31
Cash flows from operating activities:
Net cash flow from operating activities
Cash flows from investing activities:
Cash flows from financing activities:
cash flow from financing activities
Net change in cash during year
Cash as of January 1
Cash as of December 31
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