Question

Pad cash dividends of $2400 23 Eamed service revenue for the manch, $4900 receving cash 26 SMART TOUCHLEARNING Statement of Cash Rows Month Ended December 31, 201 Cesh fows fr opering acve Recepts Cleco o 4900 Pyment or ren 500 200 es 1300 3000 Net cash prded lued by operng ac s 1900 Cash flows fro ac of 19800 Net cah grided se by ng ace -19800 Cesh fown frm fancng s m de 2400 f om 8100 Net cash prvided ed by g 5700 Net noe lde ncsh 42200 Cash balance December 1,20 18400 Cash balance December 3, 20 -30600 Something still needs to be fixed. Check your work and try again C 20 Asignments Go | Peaon ACT-Co DELL Hone ers Backspace Scrg Lack erint Screen Brek 6 5 4 PDn End Delete P Momn O U RI T

Answer 1

SMART TOUCH LEARNING
Statement of Cash Flows
Month Ended December 31,2016
Cash flows from operating activities:
Receipts:
Collections from customers		$4,900
Payments:
For office rent	($1,500)
For salaries	($1,300)
For utilities	($200)	($3,000)
Net cash provided by operating activities (i)		$1,900
Cash flows from investing activities:
Acquisition of land	($19,800)
Net cash provided by investing activities (ii)		($19,800)
Cash flows from operating activities:
Issuance of common stock	$8,100
Payment of cash dividends	($2,400)
Net cash provided by financing activities (iii)		$5,700
Increase/(Decrease) in cash (i)+(ii)+(iii)		($12,200)
Cash balance December 1,2016		$18,400
Cash balance December 31,2016		$6,200