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At Wilma Service Company, the balance of cash account on January 1st, 2020 was $5,000. The following transactions are for year 2020: 1. Issued
At Wilma Service Company, the balance of cash account on January 1st, 2020 was $5,000. The following transactions are for year 2020: 1. Issued $25,000 of common stock for cash. 2. Paid wages expense of $10,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $1,000. 5. Provided $40,000 services in cash. 6. Disposed some of the old equipment of company for $3,000 in cash. 7. Repaid a 6 year note payable in the amount of $11,000. 8. Purchase $10,000 new equipment - paid $4,000 cash and the rest was on account. Compute net cash flows from investing activities. Example of Answer: 4000 or -4000 (No comma, space, decimal point, or $ sign. Show negative with -)
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