For finding the ending cash balance, we will prepare a cash flow statement as per below:
Cash flows from operating activities: | ||
Cash inflows: | ||
Cash received from sale of products to customers | $31500 | |
Cash received from sale of services to customers | $21500 | |
Cash outflows: | ||
Cash paid to merchandise suppliers | ($10300) | |
Cash paid to workers | ($22300) | |
Cash paid for advertisement | ($2300) | |
Net cash flows from operating activities | $18100 | |
Cash flows from investing activities: | ||
Cash paid to purchase factory equipment | ($41500) | |
Cash received from sale of unused warehouse | $11300 | |
Net cash flows from investing activities | ($30200) | |
Cash flows from financing activities: | ||
Cash received from the Bank for long term loan | $36500 | |
Cash paid for dividends to stockholders | ($4300) | |
Net cash flows from financing activities | $32200 | |
Net increase in cash | $20100 | |
Beginning cash balance | $3300 | |
Ending cash balance | $23400 |
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 35,500 40,500 (45,500) (11,100) 12,100 (23,100) (3,100) 25,500 (5,100)...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 39,000 44,000 (49,000) (11,800) 12,800 (23,800) (3,800) 29,000 (5,800)...
Tiger Trade has the following cash transactions for the period. Amounts $36,500 41,500 (46,500) Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders 12,300 (23,300) (3,300) 26,500 (5,300) Assume the...
Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 30,500 Cash received from the bank for long-term loan 35,500 Cash paid to purchase factory equipment (40,500 ) Cash paid to merchandise suppliers (10,100 ) Cash received from the sale of an unused warehouse 11,100 Cash paid to workers (22,100 ) Cash paid for advertisement (2,100 ) Cash received for sale of services to customers 20,500 Cash paid...
Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 39,500 Cash received from the bank for long-term loan 44,500 Cash paid to purchase factory equipment (49,500 ) Cash paid to merchandise suppliers (11,900 ) Cash received from the sale of an unused warehouse 12,900 Cash paid to workers (23,900 ) Cash paid for advertisement (3,900 ) Cash received for sale of services to customers 29,500 Cash paid...
Tiger Trade has the following cash transactions for the period. Accounts Amounts $ 32,000 Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse 37,000 (42,000) (10,400) 11, 400 (22, 400) (2,400) 22,000 (4, 400) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for...
Tiger Trade has the following cash transactions for the period. 10.5 points Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 30,500 35,500 (40,500) (10,100) 11,100 (22,100) (2,100)...
A company has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers Çash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders...
Exercise 1-9A Prepare a statement of cash flows (LO1-3) Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for! Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $510,000 12,500 56.000 36.000 185,000 eBook Hint 245,000 8 ,500 95.000 100,000 42,000 37,000 Print Reference The balance of cash and cash equivalents...