Statement of Cash Flows After its first month of operations, the following amounts were taken from the
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Statement of Cash Flows
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.
Cash | $ 86,000 | Notes payable | $100,000 | ||||
Common stock | 150,000 | Rent expense | 16,000 | ||||
Dividends | 4,000 | Retained earnings | 0 | ||||
Interest expense | 600 | Salaries expense | 100,000 | ||||
Land | 200,000 | Sales commissions | 180,000 | ||||
Miscellaneous expense | 3,400 | Utilities expense | 20,000 |
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".
West Coast Dreams Realty Inc. | ||
Statement of Cash Flows | ||
For the Month Ended June 30, 20Y9 | ||
Cash flows from (used for) operating activities: | ||
Cash received from operating activities | $ | |
Cash paid for operating activities | ||
Net cash flows from operating activities | $ | |
Cash flows from (used for) investing activities: | ||
Cash paid for land | ||
Cash flows from (used for) financing activities: | ||
Cash received from issuing common stock | $ | |
Cash received from issuing notes payable | ||
Cash paid as dividends | ||
Net cash flows from financing activities | ||
Net increase in cash during June | $ | |
Cash as of June 1, 20Y9 | ||
Cash as of June 30, 20Y9 | $ |
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