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Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term bomowing Cash provided from consulting customers Cash used for payment of office rent PCash used for purchase of office oquipment Cash used to pay office utilities Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations S250,000 125,000 5.000 30,000 1,200 24.300 20.000 Cash used to pay the bank for a loan due this month 175,000 Cash used for purchase of office supplies Purchase of company vehicle paying 30% cash and borrowing the rest 100 30,000 _Refer to transaction J, how much shoul 16. S be included in cash used from investing activities? 17. S operating activities (include “_“ if needed) Determine the cash flows from 18. S investing activities (include “-“ if needed) Determine the cash flows from 19. $ financing activities (include “-“ if needed) _Determine the cash flows from How much did cash change over the 20. S_ year?

Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term bomowing Cash provided from consulting customers Cash used for payment of office rent PCash used for purchase of office oquipment Cash used to pay office utilities Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations S250,000 125,000 5.000 30,000 1,200 24.300 20.000 Cash used to pay the bank for a loan due this month 175,000 Cash used for purchase of office supplies Purchase of company vehicle paying 30% cash and borrowing the rest 100 30,000 _Refer to transaction J, how much shoul 16. S be included in cash used from investing activities? 17. S operating activities (include “_“ if needed) Determine the cash flows from 18. S investing activities (include “-“ if needed) Determine the cash flows from 19. $ financing activities (include “-“ if needed) _Determine the cash flows from How much did cash change over the 20. S_ year?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1:24 1 令D Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. JAmount of Transaction Transaction ACash provided from long-term borrowing $250,000 Cash provided from consulting customers 125.000 Cash used for payment of office rent DCash used for purchase of office cquipment 5,000 30,000 ECash used to pay office utilities 1,200 FCash used for payment of employee salaries GCash provided from sale of equipment that had been used in operations Cash used to pay the bank for a loan due this month Cash used for purchase of office supplies Purchase of company vehicle paying 30% cash and borrowing the rest. 24,300 20,000 175,000 100 30,000 16. $ Refer to transaction J, how much should be included in cash used from investing activities? 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ investing activities (include “–“ if needed) Determine the cash flows from 19. $ Determine the cash flows from financing activities (include “-“ if needed) How much did cash change over the 20. $ year?
Transcribed Image Text:1:24 1 令D Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. JAmount of Transaction Transaction ACash provided from long-term borrowing $250,000 Cash provided from consulting customers 125.000 Cash used for payment of office rent DCash used for purchase of office cquipment 5,000 30,000 ECash used to pay office utilities 1,200 FCash used for payment of employee salaries GCash provided from sale of equipment that had been used in operations Cash used to pay the bank for a loan due this month Cash used for purchase of office supplies Purchase of company vehicle paying 30% cash and borrowing the rest. 24,300 20,000 175,000 100 30,000 16. $ Refer to transaction J, how much should be included in cash used from investing activities? 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ investing activities (include “–“ if needed) Determine the cash flows from 19. $ Determine the cash flows from financing activities (include “-“ if needed) How much did cash change over the 20. $ year?
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