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4-16 Below are cash transactions for Goldman Incorporated, which provides consulting. ervices related to mining of precious metals. Calculate operating cash flows (LO4-7) Cash used
4-16 Below are cash transactions for Goldman Incorporated, which provides consulting. ervices related to mining of precious metals. Calculate operating cash flows (LO4-7) Cash used for purchase of office supplies, $2,400. a. b. Cash provided from consultin g to customers, $50,600.-0 Cash used for purchase of mining equipment, $83,000. T d. Cash provided from long-term borrowing, $70,000.F e. Cash used for payment of employee salaries, $25,000. o f. Cash used for payment of office rent, $13,000. o g. Cash provided from sale of equipment purchased in c. above. S23,500.- h. Cash used to repay a portion of the long-term borrowing in d. above, $45,000- i. Cash used to pay office utilities, $5,300. O j. Purchase of company vehicle, paying S11,000 cash and borrowing S 16,000
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