b. What is the net decrease in cash during the month? 8,100 c. What is the net increase in retained earnings during the month? 12,100 ✓ d. What is the net income for the month? 13,100 ✔ e. How much of the net income for the month was retained in the business? X f. What are the net cash flows from operating activities? g. What are the net cash flows from investing activities? (Enter a net cash outflow as a negative amount). h. What are the net cash flows from financing activities? (Enter a net cash outflow as a negative amount).

b. What is the net decrease in cash during the month? 8,100 c. What is the net increase in retained earnings during the month? 12,100 ✓ d. What is the net income for the month? 13,100 ✔ e. How much of the net income for the month was retained in the business? X f. What are the net cash flows from operating activities? g. What are the net cash flows from investing activities? (Enter a net cash outflow as a negative amount). h. What are the net cash flows from financing activities? (Enter a net cash outflow as a negative amount).

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.11E: Nature of transactions Cheryl Alder operates her own catering service. Summary financial data for...

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