The following T-account is a summary of the Cash account of Pharoah Company.Cash (Summary Form)Balance, Jan. 18,500 Receipts from customers362,500Payments for goods255,900Dividends on stock investments6,800Payments for operating expenses140,600Proceeds from sale of equipment36,400Interest paid11,700Proceeds from issuance of bonds payable499,400Taxes paid7,200 Dividends paid59,900Balance, Dec. 31438,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash select an option by financing activities $enter enter net cash used or provided by financing activities amount in dollars

Financing activities are those activities which are associated with the financing functions of a…

Answered: What amount of net cash provided (used)…

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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The following T-account is a summary of the Cash account of Pharoah Company.

Cash (Summary Form)
Balance, Jan. 1	8,500
Receipts from customers	362,500	Payments for goods	255,900
Dividends on stock investments	6,800	Payments for operating expenses	140,600
Proceeds from sale of equipment	36,400	Interest paid	11,700
Proceeds from issuance of bonds payable	499,400	Taxes paid	7,200
		Dividends paid	59,900
Balance, Dec. 31	438,300

What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Net cash select an option by financing activities

$enter enter net cash used or provided by financing activities amount in dollars

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