On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only

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On January 12, Ferrell Incorporated obtains a permit to start a comedy club, which will operate only on Saturday nights. To prepare the club for the grand opening, Ferrell purchases tables and chairs for $13,000 cash on January 16. Ferrell also purchases cleaning supplies on account for an additional $3,000. Determine the amount of investing cash flows Ferrell would report in January.

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Financial Accounting

ISBN: 978-1259914898

5th edition

Authors: David Spiceland, Wayne M. Thomas, Don Herrmann

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