The following T account is a summary of the cash account of Edmonds Company. Cash (Summary Form)

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The following T account is a summary of the cash account of Edmonds Company.

Cash (Summary Form)

Balance, Jan. 1 8,000 Receipts from customers 364,000 | Payments for goods 200,000 Dividends on stock investments 6,000 | Payments for operating expenses 140,000 Proceeds from sale of equipment 36,000 | Interest paid 10,000 Proceeds from issuance of Taxes paid 8,000 bonds payable 300,000 | Dividends paid 50,000 Balance, Dec. 31 306,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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