The following T-account is a summary of the Cash account of Skysong, Inc.. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 8,100 362,500 Payments for goods 297,400 5,500 Payments for operating expenses 139,600 35,600 Interest paid 12,000 Net cash 499,900 395,300 Taxes paid Dividends paid 7,200 What amount of net cash provided (used) by financing activities should be reported in the stateme decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) by financing activities $ 60,100
The following T-account is a summary of the Cash account of Skysong, Inc.. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 8,100 362,500 Payments for goods 297,400 5,500 Payments for operating expenses 139,600 35,600 Interest paid 12,000 Net cash 499,900 395,300 Taxes paid Dividends paid 7,200 What amount of net cash provided (used) by financing activities should be reported in the stateme decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) by financing activities $ 60,100
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The following T-account is a summary of the Cash account of Skysong, Inc..
Cash (Summary Form)
Balance, Jan. 1
Receipts from customers
Dividends on stock investments
Proceeds from sale of equipment
Proceeds from issuance of
bonds payable
Balance, Dec. 31
8,100
362,500 Payments for goods
5,500
35,600
Net cash
499,900
395,300
297,400
Payments for operating expenses 139,600
Interest paid
12,000
Taxes paid
Dividends paid
7,200
What amount of net cash provided (used) by financing activities should be reported in the stateme
decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)
by financing activities $
60,100
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