4 12 points References Revenues: Services provided to customers Investment by shareholders. Loan from bank Expenses:...

Transcribed Image Text:

4 12 points References Revenues: Services provided to customers Investment by shareholders. Loan from bank Expenses: Payments to long-term creditors. Expenses required to provide services to customers Purchase of land Net loss PRESTWICK COMPANY AUGUST 31, CURRENT YEAR PRESTWICK COMPANY Statement of Cash Flowe For the Month Ended August 31, Current Year Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities: $13,000 3,100 13,000 Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $11.900. (List any deduction in cash and cash outflows as negative amounts.) $12,000 8,480 17,000 $29,100 37,400 $ 8,300 4 12 points References Revenues: Services provided to customers Investment by shareholders. Loan from bank Expenses: Payments to long-term creditors. Expenses required to provide services to customers Purchase of land Net loss PRESTWICK COMPANY AUGUST 31, CURRENT YEAR PRESTWICK COMPANY Statement of Cash Flowe For the Month Ended August 31, Current Year Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities: $13,000 3,100 13,000 Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $11.900. (List any deduction in cash and cash outflows as negative amounts.) $12,000 8,480 17,000 $29,100 37,400 $ 8,300

Answer rating: 100% (QA)

plaintext PRESTWICK COMPANY Statement of Cash Flows For the Month Ended August ... View the full answer