Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

Find the derivatives of the function. 9 cot sin t t

Answered: 1 week ago