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1. Acquired $22,300 cash from the issue of common stock. 2. Provided $16,350 of services on account. 3. Paid $16,600 cash on accounts payable. 4.
1. Acquired $22,300 cash from the issue of common stock. 2. Provided $16,350 of services on account. 3. Paid $16,600 cash on accounts payable. 4. Performed services for $39,500 cash. 5. Collected $5,150 cash from accounts receivable. 6. Incurred $8,900 of operating expenses on account. 7. Paid a $29,500 cash for one year's rent in advance. 8. Paid a $8,300 cash dividend to the stockholders. 9. Paid $1,800 cash for supplies to be used in the future. 10. Recognized $32,800 of accrued salary expense. Required a. Classify the cash flows from these transactions as operating activities NA for transactions that do not affect the sthtement of cash flows. Transaction Classification FA 1. 2. 3. 4. EWING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities 0 Net cash flow from financing activities Net change in cash 0 0 Ending cash balance
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