The Leone Companys Cash T-account shows the following entries for June: (a) Beginning cash balance, $400 (b)

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The Leone Company’s Cash T-account shows the following entries for June:

(a) Beginning cash balance, $400

(b) Receipt from issuance of note, $10,000

(c) Payment of interest on loan, $900

(d) Payment for purchase of sales fixtures, $1,800

(e) Collections from customers, $33,400

(f) Owner withdrawal, $4,000

(g) Payment of employees’ wages, $7,000

(h) Payment for delivery van, $12,000

(i) | Payments to suppliers, $16,200

(j) | Ending cash balance, $1,900 Required: Prepare the company’s cash flow statement for June.  plo47

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Accounting Information For Business Decisions

ISBN: 9780030224294

1st Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley

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