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Below are several transactions for Bluebeard Corporation for 2024. a. Issue common stock for cash, $43,000. b. Purchase building and land with cash, $28.000. c.
Below are several transactions for Bluebeard Corporation for 2024. a. Issue common stock for cash, $43,000. b. Purchase building and land with cash, $28.000. c. Provide services to customers on account, $6,300. d. Pay utilities on building. $650. e. Collect $4,300 on account from customers. f. Pay employee salarles, $8,300. g. Pay dividends to stockholders, $3,300. Required: 1.82. For each transaction, determine the amount of cash flows. If cash Is Involved in the transaction, Indicate whether Bluebear should classify it as operating, Investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $3,700, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Bluebeard should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Cash Flows Operating, Investing or Financing Issue common stock for cash, $43,000 Purchase building and land with cash, S28,000 Provide services to customers on account, $6,300. Pay utilities on building, S650 Collect $4,300 on account from customers. Pay employee salaries, $8,300 Pay dividends to stockholders $3.300 Net cash flows for the year Req 1 and 2 Req 3 > Below are several transactions for Bluebeard Corporation for 2024. a. Issue common stock for cash. $43.000. b. Purchase building and land with cash. $28,000. C. Provide services to customers on account, $6,300. d. Pay utilities on building, $650. e. Collect $4.300 on account from customers. f. Pay employee salaries. $8,300. g. Pay dividends to stockholders, $3,300. Required: 1.&2. For each transaction determine the amount of cash flows. If cash is involved in the transaction, Indicate whether Bluebeard should classify it as operating, Investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $3,700, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Assuming the balance of cash on January 1, 2024, equals $3,700, calculate the balance of cash on December 31, 2024. Cash balance
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