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Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) COUGAR TREE SERVICES Statement of Cash Flows For the year ended December 31, 2024 Cash Flows from Operating Activities From Customers $ 98,000 For Salaries (41,000) For Supplies (23,000) Net Cash Flows from Operating Activities 34,000 Cash Flows from Investing Activities Sale of Investments 37,500 Purchase Building (100,000) Net cash flows used in investing activities (62,500) Cash Flows from Financing Activities Borrow from Bank 39,000 Pay Dividends (16,000) Net Cash Flows from Financing Activities 23,000 Net Decrease in Cash Cash at the Beginning of the Year Cash at the End of the Year 2$ < Balance Sheet Statement of Cash Flows >

Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) COUGAR TREE SERVICES Statement of Cash Flows For the year ended December 31, 2024 Cash Flows from Operating Activities From Customers $ 98,000 For Salaries (41,000) For Supplies (23,000) Net Cash Flows from Operating Activities 34,000 Cash Flows from Investing Activities Sale of Investments 37,500 Purchase Building (100,000) Net cash flows used in investing activities (62,500) Cash Flows from Financing Activities Borrow from Bank 39,000 Pay Dividends (16,000) Net Cash Flows from Financing Activities 23,000 Net Decrease in Cash Cash at the Beginning of the Year Cash at the End of the Year 2$ < Balance Sheet Statement of Cash Flows >

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 3PB: The comparative balance sheet of Coulson, Inc. at December 31, 20Y2 and 20Y1, is as follows: The...
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i did most part, not sure if its correct.

how do i find the cash at the begining of the year? i got $ -5500 as net decraese in cash

Cougar Tree Services reports the following amounts on December 31, 2024. Assets Liabilities and Stockholders' Equity $9,600 3,700 5,400 91,000 Accounts payable Salaries payable Notes payable Cash $15,400 Supplies Prepaid insurance Building 5,400 39,000 40,000 9,900 Common stock Retained earnings In addition, the company reported the following cash flows. Cash Inflows Cash Outflows Employee salaries Supplies Customers $98,000 $41,000 Borrow from the bank (note) 39,000 37,500 23,000 16,000 100,000 Sale of investments Dividends Purchase building Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Statement of Balance Sheet Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)
Transcribed Image Text:Cougar Tree Services reports the following amounts on December 31, 2024. Assets Liabilities and Stockholders' Equity $9,600 3,700 5,400 91,000 Accounts payable Salaries payable Notes payable Cash $15,400 Supplies Prepaid insurance Building 5,400 39,000 40,000 9,900 Common stock Retained earnings In addition, the company reported the following cash flows. Cash Inflows Cash Outflows Employee salaries Supplies Customers $98,000 $41,000 Borrow from the bank (note) 39,000 37,500 23,000 16,000 100,000 Sale of investments Dividends Purchase building Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Statement of Balance Sheet Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)
Statement of Balance Sheet Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) COUGAR TREE SERVICES Statement of Cash Flows For the year ended December 31, 2024 Cash Flows from Operating Activities From Customers $ 98,000 For Salaries (41,000) For Supplies (23,000) Net Cash Flows from Operating Activities 34,000 Cash Flows from Investing Activities Sale of Investments 37,500 Purchase Building (100,000) Net cash flows used in investing activities (62,500) Cash Flows from Financing Activities Borrow from Bank 39,000 Pay Dividends (16,000) Net Cash Flows from Financing Activities 23,000 Net Decrease in Cash Cash at the Beginning of the Year Cash at the End of the Year 2$ Balance Sheet Statement of Cash Flows >
Transcribed Image Text:Statement of Balance Sheet Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) COUGAR TREE SERVICES Statement of Cash Flows For the year ended December 31, 2024 Cash Flows from Operating Activities From Customers $ 98,000 For Salaries (41,000) For Supplies (23,000) Net Cash Flows from Operating Activities 34,000 Cash Flows from Investing Activities Sale of Investments 37,500 Purchase Building (100,000) Net cash flows used in investing activities (62,500) Cash Flows from Financing Activities Borrow from Bank 39,000 Pay Dividends (16,000) Net Cash Flows from Financing Activities 23,000 Net Decrease in Cash Cash at the Beginning of the Year Cash at the End of the Year 2$ Balance Sheet Statement of Cash Flows >
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A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.

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