Homework Answers
| Answer | ||
| Coffee House Food Equipment Company | ||
| Statement of Cash Flows | ||
| Month Ended January 31, 2018 | ||
| Cash Flow from Operating Activities | ||
| Receipts | ||
| Collections from Customers | $ 8,000 | |
| Payments | ||
| For Salaries | $ (900) | |
| For Office Rent | $ (1,200) | |
| For Utilities | $ (100) | |
| Net Cash from Operating Activities | 5800 | |
| Cash flow from Investing Activities | ||
| Acquisition of Equipment | $ - | |
| Acquisition of Land | $ (25,000) | |
| Net cash from investing activities | $ (25,000) | |
| Cash flow from Financing Activities | ||
| Issuance of Common Stock | $ 9,000 | |
| Payment of Cash Dividends | $ (4,000) | |
| Net cash used in financing activities | $ 9,000 | |
| Increase in Cash | $ (10200) | |
| Opening Balance of Cash | $ 15,600 | |
| Closing Balance of Cash | $ 5,400 | |
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Hopefully a better photo
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