The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan. 1 7,200 Receipts from customers 327,600 Payments for goods 180,000 5,400 Payments for operating expenses 126,000 Dividends on stock investments Proceeds from sale of equipment 32,400 Interest paid 9,000 Proceeds from issuance of Taxes paid 7,200 bonds payable 270,000 Dividends paid 36,000 Balance, Dec. 31 284,400 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (S in parenthesis eg. (15,000).) Net cash by financing activities $ e Textbook and Media
The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan. 1 7,200 Receipts from customers 327,600 Payments for goods 180,000 5,400 Payments for operating expenses 126,000 Dividends on stock investments Proceeds from sale of equipment 32,400 Interest paid 9,000 Proceeds from issuance of Taxes paid 7,200 bonds payable 270,000 Dividends paid 36,000 Balance, Dec. 31 284,400 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (S in parenthesis eg. (15,000).) Net cash by financing activities $ e Textbook and Media
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following T-account is a summary of the cash account of Kingbird Company.
Cash (Summary Form)
Balance, Jan. 1
7,200
Receipts from customers
327,600 Payments for goods
180,000
5,400 Payments for operating expenses 126,000
Dividends on stock investments
Proceeds from sale of equipment 32,400 Interest paid
9,000
Proceeds from issuance of
Taxes paid
7,200
bonds payable
270,000 Dividends paid
36,000
Balance, Dec. 31
284,400
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (S
in parenthesis eg. (15,000).)
Net cash
by financing activities $
e Textbook and Media
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