Homework Answers
Calaculation of total amount of net increase to cash:
| Statement of cash flows | |
| Sale of merchandise | $17100 |
| Operating expenses paid | ($2603) |
| Cash dividends paid | ($2100) |
| Net increase in cash during the period | $21803 |
To get understand in clear, the following are the journal entries made for the transactions:
a) Cash Dr. $17100
To sales $17100
b) Operating expenses Dr. $2603
To Cash $2603
c) Dividends Dr. $2100
Cash $2100
______×______
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