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August 2 0 2 4 . Cash collections from: Cash Transactions Customers Sale of unused warehouse $ 9 2 , 8 0 0 Bank borrowing
August
Cash collections from:
Cash Transactions
Customers
Sale of unused warehouse
$
Bank borrowing
Cash payments for:
Employee salaries
Office rent
Manufacturing equipment
office utilities
Dividends to stockholders
Materials to make toys
Noncash Transactions
Sales to customers on account
Purchase of materials on account
Purchase equipment with promissory note to pay later
Required:
Prepare a statement of cash flows for the month of August properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $List cash outflows and decrease in cash as negative amounts.
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