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An inexperienced accountant for Yarnell Company prepared the following income statement for the month of August 2013 YARNELL COMPANY August 31, 2013 Revenues: Services provided
An inexperienced accountant for Yarnell Company prepared the following income statement for the month of August 2013 YARNELL COMPANY August 31, 2013 Revenues: Services provided to customers $ 13,000 Investment by shareholders 5,000 Loan from bank 15,000 $ 33,000 Expenses Payments to long-term creditors $ 14,000 Expenses required to provide services to customers 9,600 Purchase of land 17,000 40,600 Loss $ 7,600 Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $13,000. (Amounts to be deducted should be indicated with a minus sign. Omit the "S" sign in your response.) YARNELL COMPANY Statement of Cash Flows For the Month Ended August 31, 2013 Cash flows from operating activities: (Click to select) (Click to select) $ Net cash (Click to select) operating activities Cash flows from investing activities: (Click to select) Cash flows from financing activities: (Click to select) (Click to select) (Click to select) $ $ GA (Click to select) Cash balance, August 1, 2013 Cash balance, August 31, 2013 $
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