Below is a summary of all transactions of KEV Consulting for the month of October. Cash...

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Below is a summary of all transactions of KEV Consulting for the month of October. Cash transactions Cash collections from: Sale of unused office furniture. Borrowing from bank Customers Cash payments for: Employee salaries Dividends to stockholders Advertising expense Utilities expense Purchased office equipment Office supplies 26. $ 27. $ 28. $ 29. $ 30. $ 31. $ 32. $ Noncash Transactions Issue note payable for equipment Services to customers on account Purchase office equipment on account $40,000 250,000 425,000 321,000 20,000 65,000 11,000 225,000 1,100 $300,000 150,000 30,000 Prepare a statement of cash flows for the month of October, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of October is $25,000. What is the amount of cash inflows from operating activities? What is the amount of cash outflows from operating activities? What is the Net Cash Flows from Operating Activities (if cash used, use "-")? What is the Net Cash Flows from Investing Activities (if cash used, use "-")? What is the Net Cash Flows from Financing Activities (if cash used, use "-")? How much did cash change (if decrease, use "-") What is the ending cash balance for the company? Below is a summary of all transactions of KEV Consulting for the month of October. Cash transactions Cash collections from: Sale of unused office furniture. Borrowing from bank Customers Cash payments for: Employee salaries Dividends to stockholders Advertising expense Utilities expense Purchased office equipment Office supplies 26. $ 27. $ 28. $ 29. $ 30. $ 31. $ 32. $ Noncash Transactions Issue note payable for equipment Services to customers on account Purchase office equipment on account $40,000 250,000 425,000 321,000 20,000 65,000 11,000 225,000 1,100 $300,000 150,000 30,000 Prepare a statement of cash flows for the month of October, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of October is $25,000. What is the amount of cash inflows from operating activities? What is the amount of cash outflows from operating activities? What is the Net Cash Flows from Operating Activities (if cash used, use "-")? What is the Net Cash Flows from Investing Activities (if cash used, use "-")? What is the Net Cash Flows from Financing Activities (if cash used, use "-")? How much did cash change (if decrease, use "-") What is the ending cash balance for the company?

Answer rating: 100% (QA)

Statement of Cash Flows for the Month of October Cash Balance at the Beginning of Oc... View the full answer