Question

Preparing the statement of cash flows Pushing Daisies Homes had the following cash transactions for the month ended July 31, 2016.
Cash receipts:
Collections from customers ..... $ 24,000
Issued common stock ..... 12,000
Cash payments:
Rent ............... 3,000
Utilities ............ 900
Salaries ............ 1,600
Purchase of equipment ..... 18,000
Payment of cash dividends ..... 3,500
Cash balance, July 1, 2016 ..... 11,000
Cash balance, July 31, 2016 ..... 20,000
Prepare the statement of cash flows for Pushing Daisies Homes for the month ended July 31, 2016.


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  • CreatedJune 12, 2015
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