Section E1-9

#question 1 and 2

1-9 Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $40,000 Cash received from the bank for long-term loan 45.000 Cash paid to purchase factory equipment (50,000) Cash paid to merchandise suppliers (12.000) Cash received from the sale of an unused warehouse 13.000 Cash paid to workers (24,000) Cash paid for advertisement (4,000) Cash received for sale of services to customers Cash paid for dividends to stockholders (6,000) 30,000 Required: 1. Calculate the ending balance of cash, assuming the balance of cash at the beginning of the period is $5,000 2. Prepare a statement of cash flows. Tiger Trade Statement of Cash Flows Cash Flows from Operating Activities Cash inflows: Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from Investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase in cash Cash at the beginning of the year Cash at the end of the year Page 9