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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Related Book For
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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