The following T-account is a summary of the Cash account of Cuellar Company.Cash (Summary Form)Balance, Jan. 19,000 Receipts from customers361,800Payments for goods238,000Dividends on stock investments5,600Payments for operating expenses140,900Proceeds from sale of equipment35,300Interest paid11,700Proceeds from issuance of Taxes paid8,700 bonds payable500,000Dividends paid60,000Balance, Dec. 31452,400 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Statement of cash flows reports all the cash transactions which are responsible for inflow and…

Answered: The following T-account is a summary of…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.2E

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The following T-account is a summary of the Cash account of Cuellar Company.

Cash (Summary Form)
Balance, Jan. 1	9,000
Receipts from customers	361,800	Payments for goods	238,000
Dividends on stock investments	5,600	Payments for operating expenses	140,900
Proceeds from sale of equipment	35,300	Interest paid	11,700
Proceeds from issuance of		Taxes paid	8,700
bonds payable	500,000	Dividends paid	60,000
Balance, Dec. 31	452,400

What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

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