Question: Please answer question both questions 1000 points Tiger Trade has the following cash transactions for the period Cash received from sale of products to customers
Please answer question both questions 1000 points Tiger Trade has the following cash transactions for the period Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders $ 37,500 42,500 (47,500) (11,500) 12,500 (23,500) (3,500) 27,500 (5,500) Assume the balance of cash at the beginning of the period is $4,500. Required: 1. Calculate the ending balance of cash. ding balance 2. Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
