The following T-account is a summary of the cash account of Pharoah Company. Cash (Summary Form)...
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The following T-account is a summary of the cash account of Pharoah Company. Cash (Summary Form) Balance, Jan. 1 Receipts from customers 15,200 691,600 Payments for goods 380,000 Dividends on stock investments 11,400 Payments for operating expenses 266,000 Proceeds from sale of equipment Proceeds from issuance of 68,400 Interest paid Taxes paid 19,000 15,200 bonds payable Balance, Dec. 31 570,000 Dividends paid 600,400 76,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) Net cash provided by financing activities The following T-account is a summary of the cash account of Pharoah Company. Cash (Summary Form) Balance, Jan. 1 Receipts from customers 15,200 691,600 Payments for goods 380,000 Dividends on stock investments 11,400 Payments for operating expenses 266,000 Proceeds from sale of equipment Proceeds from issuance of 68,400 Interest paid Taxes paid 19,000 15,200 bonds payable Balance, Dec. 31 570,000 Dividends paid 600,400 76,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) Net cash provided by financing activities
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