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At Wilma Service Company, the balance of cash account on January 15t 2020 was $5,000. The following transactions are for year 2020: (1. Issued $25,000
At Wilma Service Company, the balance of cash account on January 15t 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. Recorded cash sales of $20,000. (6. Provided $20,000 services in cash. (7. Disposed some of the old equipment of company for $3,000 in cash. (8. Repaid a 6 year note payable in the amount of $11,000. (9. Purchase new equipment - paid $6,000 cash and the rest was on account. Compute net cash flows from operating activities. Compute net cash flows from financing activities Compute cash balance on Dec. 31st. Compute net cash flows from investing activities
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