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Below is a summary of all transactions of Aboud Manufacturing for the month of August 2024. Cash collections from: Customers Sale of unused warehouse
Below is a summary of all transactions of Aboud Manufacturing for the month of August 2024. Cash collections from: Customers Sale of unused warehouse Bank borrowing Cash payments for: Employee salaries Office rent Manufacturing equipment office utilities Cash Transactions Dividends to stockholders Materials to make toys Sales to customers on account Noncash Transactions Purchase of materials on account Purchase equipment with promissory note to pay later Required: $92,900 35,400 25,400 (64,700) (18,400) (44,800) (11,200) (5,500) (27,100) 15,000 13,300 17,900 Prepare a statement of cash flows for the month of August 2024, properly classifying each of the transactions into operating, investing. and financing activities. The cash balance at the beginning of August is $24.900 (List cash outflows and decrease in cash as negative amounts.) ABOUD MANUFACTURING Statement of Cash Flows For the Month Ended August 31, 2024 Cash Flows from Operating Activities
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