Question
Busters Bookseller features all the latest titles and a great coffee shop. Like any small business owner, Buster is very concerned about the companys cash
Busters Bookseller features all the latest titles and a great coffee shop. Like any small business owner, Buster is very concerned about the companys cash flows. He has hired you to prepare a statement of cash flows for him. Using the following balances, prepare a statement of cash flows for the quarter ended March 31, 20X
| Cash paid for salaries | $35,000 |
| Cash received from bank loan | 26,300 |
| Cash paid for advertising | 4,500 |
| Cash collected from customers | 95,000 |
| Cash paid for equipment | 8,900 |
| Cash paid for income taxes | 5,200 |
| Cash paid for purchases of inventory | 43,000 |
| Cash paid for rent | 15,000 |
| Cash balance, 1/1/20X1 | 87,000 |
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Information Technology Control And Audit
Authors: Sandra Senft, Frederick Gallegos, Aleksandra Davis
4th Edition
1439893209, 978-1439893203
