After its first month of operations, the following amounts were taken from the accounting records of West
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Question:
After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9.
Account | Amount |
---|---|
Cash | $82,000 |
Common stock | 180,000 |
Dividends | 2,100 |
Interest expense | 800 |
Land | 210,000 |
Miscellaneous expense | 4,100 |
Notes payable | 95,000 |
Rent expense | 14,000 |
Retained earnings | 0 |
Salaries expense | 105,000 |
Sales commissions | 165,000 |
Utilities expense | 22,000 |
Prepare a statement of cash flows for the month ended June 30, 20Y9. Use the minus sign to indicate cash outflows, decreases in cash, or cash payments. If your answer is zero enter "0".
Line Item Description | Amount | Amount |
---|---|---|
Cash flows from (used for) operating activities: | ||
$ | ||
$ | ||
Cash flows from (used for) investing activities: | ||
Cash flows from (used for) financing activities: | ||
$ | ||
$ | ||
$ |
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