Can you create a cash flow statement with thus information for me please?Borrow $20,000 from the local bank and sign a note promising to repay the fullamount of the debt in 5 years. Cash flow from opearting activities Close outdividends Cash received from customers Close out expenses/losses Cash paidfor opearting expenses Close out revenues/income Net cash flow provided byopearting activities Pay cash dividends to shareholders, $600. Pay one year ofrent in advance with cash, $12,000 ($1,000 per month.) Cash flow from investingactivities Provide 40 hours of services to customers for cash with $50/hour servicerate. Cash paid for equipment Purchase 200 units of inventory ($20/unit) with cash.Net cash flow provided by investing activities Purchase equipment necessary forbusiness operations for $15,000 with cash. Purchase supplies with cash, $1000.Cash flow from financing activities Record one month of depreciation on theequipment. The equipment has a useful life of 10 years Cash investments fromshareholders Record the portion of the Prepaid Rent used in May. Cash fromcreditors Sell 100 units of inventory on account with selling price of $30/unit. Cashdividend to shareholders Sell 50,000 shares of common stock for $50,000 to obtainthe funds necessary to start your business. Net cash flow provided by financingactivities (blank) Receive cash in advance for 20 hours of services to becompleted in the future. Service rate is $50/hour. Net Cash Increase Payemployee salaries $1,000 with cash. The company has $300 of supplies left atmonth end. Cash Balance, Beginning Provide 10 hours of services that were paidin advance on May 23rd. Service rate is $50/hour. Cash Balance, Ending GrandTotal Net cash increase

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Description: Can you create a cash flow statement with thus information for me please?Borrow $20,000 from the local bank and sign a note promising to repay the fullamount of the debt in 5 years. Cash flow from opearting activities Close outdividends Cash receive

Answered: Can you create a cash flow statement…

Business

Accounting

Can you create a cash flow statement with thus information for me please?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

Section: Chapter Questions

Problem 5DTM

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