Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information Cash balance, December 1, 2016 is $18,200 Transactions Dec. 1 The owner contributed an additional $8,100 cash to the business in exchange for capital. 7 Purchased equipment for $2,000 on account. 14 Paid $20,100 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $300. 23 The owner withdrew $2,600. 26 Earned service revenue for the month, $5,100, receiving cash.
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information Cash balance, December 1, 2016 is $18,200 Transactions Dec. 1 The owner contributed an additional $8,100 cash to the business in exchange for capital. 7 Purchased equipment for $2,000 on account. 14 Paid $20,100 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $300. 23 The owner withdrew $2,600. 26 Earned service revenue for the month, $5,100, receiving cash.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 52PSA
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Question
Prepare the Statement of
Cash balance, December 1, 2016 is $18,200 | ||
Transactions | ||
Dec. | 1 | The owner contributed an additional $8,100 cash to the business in exchange for capital. |
7 | Purchased equipment for $2,000 on account. | |
14 | Paid $20,100 cash for land. | |
17 | Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $300. | |
23 | The owner withdrew $2,600. | |
26 | Earned service revenue for the month, $5,100, receiving cash. |
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