Question

Main Street Homes had the following cash transactions for the month ended July 31, 2014.
Cash receipts:
Collections from customers ......... $ 20,000
Issued common stock ............. 8,000
Cash payments:
Rent ....................................... 3,000
Utilities ..................................... 1,500
Salaries ..................................... 2,100
Purchase of equipment .............................. 10,750
Payment of cash dividends ............................. 5,250
Cash balance, July 1, 2014 .............................. 12,500
Cash balance, July 31, 2014 ............................ 17,900
Prepare the statement of cash flows for Main Street Homes for the month ended July 31, 2014.



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  • CreatedJanuary 16, 2015
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