The financial statements at the end of Harp Realty's first month of operations are shown below. Instructions
Question:
The financial statements at the end of Harp Realty's first month of operations are shown below.
Instructions
By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through(q).
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Transcribed Image Text:
Harp Realty Statement of Cash Flows For the Month Ended April 30, 2008 Cash flows from operating activities: Deduct cash payments for expenses and Net cash flow from operating activities..._...... Cash payments for acquisition of land__ . .. _ 14,100 . . S (o) Cash flows from investing activities: . . 43,200) Cash flows from financing activities: 7,200 Deduct cash withdrawal by owner ._. Net cash flow from financing activities .. . . . . . .. . Net cash flow and April 30, 2008, cash balance._ .. . . . . . .. .. .
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a Wages expense 6450 14340 2880 2400 1620 990 b Net income 13860 28200 14...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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