Glenview Financial has the following cash transactions for the year. Assume cash at the beginning of the

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Glenview Financial has the following cash transactions for the year. Assume cash at the beginning of the period is $8,100. Prepare a statement of cash flows.

Accounts Amounts Cash received for sale of services to customers $ 50,000 Cash received from issuance of common stock 28,000 Cash paid to purchase office equipment (48,000)

Cash paid for building maintenance (4,200)

Cash paid for advertisement (6,700)

Cash paid to workers (9,000)

Cash paid for dividends to stockholders (1,700)

Cash received from sale of land 8,400 Cash received from bank borrowing 7,800

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Loose Leaf For Financial Accounting For Managers

ISBN: 978-1264503988

1st Edition

Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland

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