Cash balance, December 1, 2016 is $18.100 Transactions Dec 1 The owner contributed an additional $7,900 cash to the business in exchange for capital 7 Purchased equipment for $1,700 on account 14 Paid $19,800 cash for land 17. Paid cash expenses: office rent, $1,600 employees salaries, $1.500 unities, $300 23 The owner withdrew $2,300 26 Earned service revenue for the month, $5,000, receiving cash. Cash flows from operating activities Receipts Collections from customers Payments For utilities For rent SMART TOUCH LEARNING Statement of Cash Flows Month Ended December 31, 2016 300 -1600 5000 Forsalaries -1500 3400 Net cash provided (used) by orating activities 1600 Cash flows from vesting activities Acquisition of Land -19800 Net cash provided (used) by investing activ 19800 Cash flows from financing actiebies Owner contribution 7900 Owner withdrawal V -2300 Net cash provided (used) by financing activiti 5600 Net increase (decrease) in cash 2100 Cash balance, December 1, 2016 Cash balance, December 31, 2016