Activity 4.b - Prepare a Statement of Cash Flows

Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses.

? HINT Activity 4.b - Prepare a Statement of Cash Flows Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18.100 Transactions Dec. 1 The owner contributed an additional $8,100 cash to the business in exchange for capital. 7 Purchased equipment for $2,000 on account. 14 Paid $20.000 cash for land. Paid cash expenses: office rent, $1,700; employees' salaries, $1,500; utilities, $100, 72 The owner withdrew $2,300 26 Earned service revenue for the month, $5,000, receiving cash. Collections from customers 5000 Payments: Furnit 100 For rent 1700 For salaries -1500 3300 Net cash provided (used) by operating activities 1700 Cash flows from Investing activities Acquisition of Land -20000 Net cash provided (used) by investing activities -20000 Cash flows from financing activities Owner contribution 8100 Owner withdrawal -2300 Net cash provided (used) by financing activities 5900 Net increase (decrease in cash Cash balance, December 1, 2016 15100 Cash balance, December 31, 2016 CHECK ANSWER RESET O Please review your answer and try again. Privacy Policy Copyright 2022 Pearson Education