PARADISE VACATIONS | ||
Statement of Cash flows | ||
For the Year Ended December 31, 2018 | ||
Cash flows from operating activities | ||
Cash received from customers | $ 32,000 | |
Cash paid to suppliers | $ (9,800) | |
Cash paid for rent expenses | $ (6,120) | |
Net cash cash flow from operating activities | $ 16,080 | |
Cash flows from investing activities | ||
Net cash flow from investing activities | ||
Cash flows from financing activities | ||
Cash paid for dividends | $ (4,600) | |
Cash received from sale of common stock | $ 36,000 | |
Net cash flow used by financing activities | $ 31,400 | |
Change in cash | $ 47,480 | |
Cash and at beginning of period | $ - | |
Cash and at end of period | $ 47,480 |
You can reach me over comment box if you have any doubts. Please
rate this answer
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from...
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash...
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash...
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash...
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash...
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash...
T-Accounts? Trial Balance? Income statement? Statement of changes? Balance sheet? Statement of cash flows? The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from...
The following events apply to Paradise Vacations’s first year of operations: Acquired $20,000 cash from the issue of common stock on January 1, 2018. Purchased $800 of supplies on account. Paid $4,200 cash in advance for a one-year lease on office space. Earned $28,000 of revenue on account. Incurred $12,500 of other operating expenses on account. Collected $24,000 cash from accounts receivable. Paid $9,000 cash on accounts payable. Paid a $3,000 cash dividend to the stockholders. Information for Adjusting Entries...
Events Affecting the Year 1 Accounting Period 1. Acquired $77,000 cash from the issue of common stock. 2. Purchased $4,600 of supplies on account. 3. Purchased land that cost $52,000 cash. 4. Paid $4,600 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $76,000. 6. Paid $38,000 cash for other operating expenses. 7. Collected $55,000 cash from accounts receivable. Information for Year 1 Adjusting Entries 8. Recognized accrued salaries of $4,900 on December 31....
Dakota Company experienced the following events during 2018: 1. Acquired $25,000 cash from the issue of common 2. Paid $10,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $35,000 cash. 5. Paid $2,000 cash for utilities expense. 6. Pald $20,000 cash for other operating expenses. 7. Paid a $4,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $15,000. Required a. The January 1, 2018,...
Dakota Company experienced the following events during 2018: Acquired $15,000 cash from the issue of common stock. Paid $15,000 cash to purchase land. Borrowed $5,000 cash. Provided services for $55,000 cash. Paid $2,000 cash for utilities expense. Paid $45,000 cash for other operating expenses. Paid a $1,000 cash dividend to the stockholders. Determined that the market value of the land purchased in Event 2 is now $16,000. Required a. The January 1, 2018, general ledger account balances are shown in...