Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016,
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Question:
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016, from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate the ending balances. Enter decreases in cash with a minus sign or parentheses.
Cash balance, December 1, 2016 is $18,200
Transactions
Dec 1 | Common Stock was issued to stockholders for $8,000 cash. |
7 | Purchased equipment for $1,700 on the account. |
14 | Paid $19,900 cash for land. |
17 | paid in expenses office rent, $1600 employees? salaries. $1,500 utilities, $200. |
23 | paid cash dividends of $2,400 |
26 | Earned service revenue for the month, $4, 900, receiving cash. |
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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