Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500
Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 19E
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