Please fill in 'Cash at the Beginning of the Year'
Homework Answers
| SQUIRREL TREE SERVICES | ||
| Statement of Cash flows | ||
| For the year ended December 31,2021 | ||
| Cash flows from operating activities: | ||
| From Customers | $88,000 | |
| For salaries | ($36,000) | |
| For supplies | ($18,000) | |
| Net cash flows from operating activities | $34,000 | |
| Cash flows from investing activities: | ||
| Sale of investments | $31,000 | |
| Purchase Building | ($90,000) | |
| Net Cash flows from investing activities | ($59,000) | |
| Cash flows from financing activities: | ||
| Borrow from Bank | $34,000 | |
| Pay Dividends | ($13,500) | |
| Net cash flows from financing activities | $20,500 | |
| Net Decrease in Cash | ($4,500) | |
| Cash at the Beginning of the Year | $13,600 | |
| Cash at the End of the Year | $9,100 | |
Calculations:
Net increase (Decrease) + Cash at the beginning of the year = Cash at the end of the year
-$4,500 + Cash at the beginning of the year = $9,100
Cash at the beginning of the year = $9,100+$4,500
Cash at the beginning of the year = $13,600
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Please fill in 'Cash at the Beginning of the Year'
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