Question
Cash 1,000 Inventory $600 Revenue $400 Cash 10,000 Bank Loan for Building improvement
|
Cash |
1,000 |
|
|
Inventory |
$600 |
|
|
Revenue |
$400 |
|
|
Cash |
10,000 |
|
|
Bank Loan for Building improvement |
10,000 |
|
|
Inventory |
8,000 |
|
|
AP |
8,000 |
|
|
Cash |
1,000 |
|
|
Dividends earned (IBM stock) |
1,000 |
|
|
Payroll Expense |
500 |
|
|
Cash |
$500 |
|
|
Salary |
1000 |
|
|
Cash |
1000 |
|
|
Cash |
2,000 |
|
|
Inventory |
1200 |
|
|
Revenue |
800 |
|
|
Office Supplies |
500 |
|
|
Cash |
500 |
|
|
A/R |
3000 |
|
|
Inventory |
2000 |
|
|
Revenue |
1000 |
Cash Flow Statement
Jan 1, 2019 – Jan 8, 2019
Starting Cash $1000
Operating
Cash In
(less) Cash out
Net Cash from Operations $___________
Finance
Cash In
(less) Cash out
Net Cash from Finance $____________
Investment
Cash In
Cash out
Net Cash from Investing $_______________
Ending Cash $_______________
Homework Answers
Answer #1
in this question
in financing activity - bank loan will be included
in investing activity - dividend will be included
every other cash transaction is of opearting nature therefore will be included in operating activity
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