Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2024.
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Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2024.
Required:
Prepare a statement of cash flows for the month of August 2024, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $25,500.
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Cash Transactions Cash collections from: Customers Sale of unused warehouse Bank borrowing Cash payments for: Employee salaries Office rent Manufacturing equipment Office utilities Dividends to stockholders Materials to make toys Noncash Transactions Sales to customers on account Purchase of materials on account Purchase equipment with promissory note to pay later $ 93,500 36,000 26,000 (65,300) (19,000) (46,000) (11,800) (6,700) (27,700) 16,400 13,900 18,500
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