An analysis of the Toney Business' Cash account for September shows these entries: a Beginning cash balance,

Question:

An analysis of the Toney Business' Cash account for September shows these entries:

a Beginning cash balance, \(\$ 800\)

b Collections from customers, \(\$ 21500\)

c Payment for purchase of storage shed, \(\$ 9500\)

d Investment by owner, \(\$ 5000\)

e Payment to suppliers, \(\$ 12800\)

f Collection of interest, \(\$ 600\)

g Receipt from sale of equipment, \(\$ 2100\)

h Payments of employees' salaries, \(\$ 4500\)

i Payment of interest on loan, \(\$ 700\)

j Ending cash balance, \(\$ 2500\).

Required:

Prepare the business' cash flow statement for September.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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