The following T-account is a summary of the cash account of Sandhill Company. Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) Net cash eTextbook and Media 19,200 873,600 Payments for goods 14,400 86,400 720,000 758,400 480,000 Payments for operating expenses 336,000 Interest paid Taxes paid Dividends paid by financing activities $ 24,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) 19.200 96,000

Transcribed Image Text:

The following T-account is a summary of the cash account of Sandhill Company Cash (Summary Form) Balance, Jan. 1 19.200 Receipts from customers 873,600 Payments for goods i 480,000 Dividends on stock investments 14,400 Payments for operating expenses 336,000 Proceeds from sale of equipment 86,400 Interest paid 24,000 Proceeds from issuance of Taxes paid 19.200 bonds payable Balance, Dec. 31 720,000 Dividends paid 758,400 96,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a signes 15,000 or in parenthesis es (15,000) Net cash eTextbook and Media by financing activities The following T-account is a summary of the cash account of Sandhill Company Cash (Summary Form) Balance, Jan. 1 19.200 Receipts from customers 873,600 Payments for goods i 480,000 Dividends on stock investments 14,400 Payments for operating expenses 336,000 Proceeds from sale of equipment 86,400 Interest paid 24,000 Proceeds from issuance of Taxes paid 19.200 bonds payable Balance, Dec. 31 720,000 Dividends paid 758,400 96,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a signes 15,000 or in parenthesis es (15,000) Net cash eTextbook and Media by financing activities