summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. Cash receipts: Cash received from customers $81,180 Cash received from additional investment by owner 14,720 Cash payments: Cash paid for expenses $28,750 Cash paid for land 62,520 Cash paid for supplies 490 Drawing 7,280 Cash balance as of January 1 $5,830 Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases in cash Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: cash flow from financing activities Net change in cash during year Cash as of January 1 Cash as of December 31

summary of cash flows for Linda's Design Services for the year ended December 31 is shown below. Cash receipts: Cash received from customers $81,180 Cash received from additional investment by owner 14,720 Cash payments: Cash paid for expenses $28,750 Cash paid for land 62,520 Cash paid for supplies 490 Drawing 7,280 Cash balance as of January 1 $5,830 Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases in cash Linda's Design Services Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: cash flow from financing activities Net change in cash during year Cash as of January 1 Cash as of December 31

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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A summary of cash flows for T's Design Services for the year ended 30 June is shown below. Cash receipts: Cash received from customers $83,990 Cash received from additional investment by owner Cash received from bank loan 25,000 100,000 Cash payments: Cash paid for expenses $27,000 Cash paid for land investment 47,000 Cash paid for supplies 410 Drawing 5,000 The following was T's Design Services item in its cash flow from financing activities: Select one: a. $20,000. b. $120,000. c. (-)$27,000. d. $30,000. e. $125,000.
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