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Below is a summary of all transactions of Mason Furniture for the month of August 2021. $ 82,300 11,500 25, eee 400 Cash Transactions Cash
Below is a summary of all transactions of Mason Furniture for the month of August 2021. $ 82,300 11,500 25, eee 400 Cash Transactions Cash collections from: Customers Sale of unused land Issuance of common stock Interest earned on savings account Cash payments for: Employee salaries Delivery truck Advertising expense Office supplies Repayment of borrowing Fabric Noncash Transactions Sales to customers on account Purchase of fabric on account Exchange common stock for building (42,400) (30,800) (5,400) (2,200) (8,500) (6,300) 12,5ee 6,200 89, eee 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 $6,900(List cash outflows and decrease in cash as negative amounts.) MASON FURNITURE Statement of Cash Flows For the month ended August 31, 2021 Cash Flows from Operating Activities Cash inflows: Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the month ach at the end of the month
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