Answered step by step
Verified Expert Solution
Question
1 Approved Answer
After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June
After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 2019. Cash Common stock $ 86,000 Notes payable $100,000 150,000 Rent expense 16,000 Dividends 4,000 Retained earnings Interest expense Land 600 Salaries expense 200,000 Sales commissions 100,000 180,000 Miscellaneous expense 3,400 Utilities expense 20,000 Prepare a statement of cash flows for the month ended June 30, 2019. Use the minus sign to indicate cash outflows, decreases in cash, or cash payments. If your answer is zero enter West Coast Dreams Realty Inc. Statement of Cash Flows For the Month Ended June 30, 2019 Cash flows fronused for) operating activities: Cash nows from (used for) investing activities X Cash flows from (used for) financing activities Cash received from wwing common stock 0 X 2.000 X 88,000 X 100.000 x 130.000 V 36.000 X 1000 186000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started