The following l-account is a summary of the Cash account of Pharoah Company. Cash (Summary Form) Balance, Jan.1 8,500 Receipts from customers 362,500 | Payments for goods 255,900 Dividends on stock investments 6,800 | Payments for operating expenses 140,600 Proceeds from sale of equipment 36,400 Interest paid 11,700 Proceeds from issuance of bonds payable 499,400 | Taxes paid 7,200 Dividends paid 59,900 Balance, Dec. 31 438,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? ( that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

The following l-account is a summary of the Cash account of Pharoah Company. Cash (Summary Form) Balance, Jan.1 8,500 Receipts from customers 362,500 | Payments for goods 255,900 Dividends on stock investments 6,800 | Payments for operating expenses 140,600 Proceeds from sale of equipment 36,400 Interest paid 11,700 Proceeds from issuance of bonds payable 499,400 | Taxes paid 7,200 Dividends paid 59,900 Balance, Dec. 31 438,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? ( that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Name: The following T-account is a summary of the Cash account of Pharoah C
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Description: The following T-account is a summary of the Cash account of Pharoah Company.Cash (Summary Form)Balance, Jan. 18,500Receipts from customers362,500 | Payments for goods255,900Dividends on stock investments6,800 | Payments for operating expenses 140,60

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 2P: The financial statements for Romeo and Company follow. Assume that the additional investment and the...

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