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26. 27. $ What is the amount of cash inflows from operating activities? $ What is the amount of cash outflows from operating activities? 28.
26. 27. $ What is the amount of cash inflows from operating activities? $ What is the amount of cash outflows from operating activities? 28. $ Operating Activities (if cash used, use "-")? What is the Net Cash Flows from 29. $ What is the Net Cash Flows from Investing Activities (if cash used, use "-")? What is the Net Cash Flows from 30. $ Financing Activities (if cash used, use "-")? 31. $ use "-") 32. $ How much did cash change (if decrease, What is the ending cash balance for the company? Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of October. Cash transactions Cash collections from: Sale of unused office furniture $45,000 Borrowing from bank 125,000 Customers 600,000 Cash payments for: Employee salaries 275,000 Dividends to stockholders 25,000 Advertising expense 250,000 Utilities expense 8,000 Purchased an office equipment 155,000 Office supplies Noncash Transactions 2,000 Issue note payable for equipment $750,000 Services to customers on account 125,000 Purchase supplies on account 300 Prepare a statement of cash flows for the month of October, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of October is $50,000
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