Question

Bean Town Food Equipment Company had the following transactions for the month ending February 29, 2016. Bean Town's cash balance on February 1, 2016, was $16,400.
Feb. 1 Common stock was issued to stockholders for $7,500 cash.
7 Purchased equipment for $2,500 on account.
14 Paid $18,000 cash for land.
17 Paid cash expenses: employees' salaries, $1,500; office rent, $1,800; utilities, $500.
23 Paid cash dividends of $3,000.
26 Earned service revenue for the month, $8,000, receiving cash.
Prepare the statement of cash flows of Bean Town Food Equipment Company for the month ended February 29, 2016.


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  • CreatedJune 12, 2015
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