Question

Cash balance, December 1, 2016 is $18,000 Transactions Dec. 1 Common stock was issued to stockholders for 1000 cash 7 Purchased equipment for $2.000 on account 14 Paid $19.900 cash for land. 17 Paid cash expenses: office rent, 51,500 employees' salaries, $1,500, utilities, $300 23 Paid cash dividends of $2,600 26 Earned service revenue for the month, H. , receiving cash. SMART TOUCH LEARNING Statement of Cash Flowes Month Ended December 31, 2016 Cash flows from Receipts Payments:

Answer 1

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Cash Flow Direct Method	Amount $
Cash Flow from Operating Activities
Receipts
Collection from customers	4,800.00
Total cash Receipts	4,800.00
Payments
For rent	1,500.00
For salaries	1,500.00
For utilities	300.00
Total cash Payments	3,300.00
Net Cash provided by (used for) operating activities	1,500.00
Cash Flow from Investing Activities
Land purchased	(19,900.00)
Net Cash from Investing Activities	(19,900.00)
Cash Flow from Financing Activities
Issuance of common stock	8,000.00
Payment of dividends	(2,600.00)
Net Cash provided by Financing Activities	5,400.00
Net Increase/(Decrease) in cash	(13,000.00)
Beginning Cash Balance	18,000.00
Ending Cash Balance	5,000.00
Schedule of non cash investing and financing activities
Acquired equipment on account	2,000.00
Equipment purchased	2,000.00
Net activity	-