Question: Using the following information, prepare a complete statement of cash flows. (a) Cash balance, beginning .............................................................. $ 1,500 (b) Cash paid to purchase inventory .......................................................
Using the following information, prepare a complete statement of cash flows.
(a) Cash balance, beginning .............................................................. $ 1,500
(b) Cash paid to purchase inventory ....................................................... 7,800
(c) Cash received from sale of a building ................................................ 4,750
(d) Cash paid for interest ..................................................................... 450
(e) Cash paid to repay a loan ............................................................... 1,000
(f) Cash collected from customers ....................................................... 11,200
(g) Cash balance, ending ........................................................................?
(h) Cash received from issuance of new shares of common stock .................... 1,200
(i) Cash paid for dividends ................................................................... 780
(j) Cash paid for income taxes ............................................................. 1,320
(k) Cash paid to purchase machinery ..................................................... 1,950
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