Homework Answers
| Wake up Food Equipment Company | |||
| Statement of Cash Flows | |||
| Month Ended January 31, 2018 | |||
| Cash Flow from Operating Activities | |||
| Receipts | |||
| Collections from Customers | $ 6,000 | ||
| Payments | |||
| For Salaries | $ (700) | ||
| For Office Rent | $ (1,700) | ||
| For Utilities | $ (250) | ||
| Net Cash from Operating Activities | $ 3,350 | ||
| Cash flow from Investing Activities | |||
| Acquisition of Equipment | $ - | ||
| Acquisition of Land | $ (24,000) | ||
| Net cash from investing activities | $ (24,000) | ||
| Cash flow from Financing Activities | |||
| Issuance of Common Stock | $ 11,000 | ||
| Payment of Cash Dividends | $ (2,000) | ||
| Net cash used in financing activities | $ 9,000 | ||
| Increase in Cash | $ (11,650) | ||
| Opening Balance of Cash | $ 14,800 | ||
| Closing Balance of Cash | $ 3,150 | ||
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Print 10. Wake Up Food Equipment Company had the following transactions for the month ending January...
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flows of Brew Boy Food Company for the month ended January
31,2018.
Complete the statement one
section at a time, beginning with the heading and cash flows from
operating activities.
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Complete the statement one
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how and what is the formula to find net increase?
a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000 Payment of dividends, $46,400 Collection of interest, $6,500 o o o o h. i. j. k. Proceeds from sale of fixed assets, $22,400 Collections from customers, $635,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $59,000 Proceeds from issuance of long-term notes, $22,300 - n. Income tax expense and payments, $36,000...
Hopefully a better photo
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