Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash
balance at the start of December 1 was $3,000.
Note: Amounts to be deducted should be indicated by a minus sign.
Cash dividends to shareholders
Cash received from customers
Cash investments from shareholders
Cash paid for equipment
Cash paid for truck
Cash paid for expenditures
$ 4,000
29,500
14,000
5,000
24,000
8,000
STUDIO ONE
Statement of Cash Flows
For Month Ended December 31
Cash flows from operating activities
Cash received from customers
Cash paid for expenditures
Cash received from customers
Net cash provided by operating activities
$
29,500
8,000
29,500
67,000
Cash flows from investing activities
Cash paid for truck
Cash paid for equipment
24,000
5,000
Net cash provided by investing activities.
29,000
Cash flows from financing activities
Cash investments from shareholders
14,000
4,000
Cash dividends to shareholders
Net cash provided by financing activities
Net increase in cash
Cash balance, December 1
Cash balance, December 31
18,000
3,000
$
26,500
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Transcribed Image Text:Use the following information to prepare a statement of cash flows for Studio One for the month ended December 31. The cash balance at the start of December 1 was $3,000. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends to shareholders Cash received from customers Cash investments from shareholders Cash paid for equipment Cash paid for truck Cash paid for expenditures $ 4,000 29,500 14,000 5,000 24,000 8,000 STUDIO ONE Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers Cash paid for expenditures Cash received from customers Net cash provided by operating activities $ 29,500 8,000 29,500 67,000 Cash flows from investing activities Cash paid for truck Cash paid for equipment 24,000 5,000 Net cash provided by investing activities. 29,000 Cash flows from financing activities Cash investments from shareholders 14,000 4,000 Cash dividends to shareholders Net cash provided by financing activities Net increase in cash Cash balance, December 1 Cash balance, December 31 18,000 3,000 $ 26,500
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