Question: During the month of October 2011 Miller Company had the

During the month of October 2011, Miller Company had the following transactions:
1. Revenues of $10,000 were earned and received in cash.
2. Bank loans of $2,000 were paid off.
3. Equipment of $2,500 was purchased for cash.
4. Expenses of $7,200 were paid.
Additional shares of capital stock were sold for $6,000 cash.
Assuming that the cash balance at the beginning of the month was $7,450, prepare a statement of cash flows that displays operating, investing, and financing activities and that reconciles the beginning and ending cash balances.

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  • CreatedApril 17, 2014
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