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Below are several transactions for Brown Cow Corporation for 2024. a. Issue common stock for cash, $47,000. b. Purchase building and land with cash, $32,000.
Below are several transactions for Brown Cow Corporation for 2024. a. Issue common stock for cash, $47,000. b. Purchase building and land with cash, $32,000. c. Provide services to customers on account, $6,700. d. Pay utilities on buliding. $850. e. Collect $4,700 on account from customers. f. Pay employee salaries, $8,700. 9. Pay dividends to stockholders, $3,700. Required: 1.82. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Brown Cow 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 $4,100, calculate the balance of cash on December 31,2024. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether Brown Cow 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.) Assuming the balance of cash on January 1,2024 , equals $4,100, calculate the balance of cash on December 31,2024
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