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answer 26-32 Use the following to answer questions 26-32 Below is a summary of all transactions of KEV Consulting for the month of January $17,500
answer 26-32
Use the following to answer questions 26-32 Below is a summary of all transactions of KEV Consulting for the month of January $17,500 200,000 775,250 Cash transactions Cash collections from: Sale of unused office furniture Borrowing from bank Customers Cash payments for: Employee salaries Dividends to stockholders Advertising expense Utilities expense Purchased an office equipment Office supplies Noncash Transactions Issue note payable for equipment Services to customers on account Purchase supplies on account (489,200) (50,000) (222,300) (18,000) (32,000) (1,500) $125,000 100,000 275 Prepare a statement of cash flows for the month of January, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of January is $26,100, 26. $ 27. Si 28. $ 29. $ What is the amount of cash inflows from operating activities? What is the amount of cash outflows from operating activities? What is the Net Cash Flows from Operating Activities (if cash used, use? What is the Net Cash Flows from Investing Activities (if cash used, use? What is the Net Cash Flows from Financing Activities (if cash used, use? How much did cash change (if decrease, use") What is the ending cash balance for the company? 30. S 31S 32. $ Step by Step Solution
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