Cash balance, December 1, 2016 is $18,200 Transactions Dec. 1 Common stock was issued to stockholders for $8,100 cash. 7 Purchased equipment for $1,900 on account. 14 Paid $19,900 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,300; utilities, $300. 23 Paid cash dividends of $2,400. 26 Earned service revenue for the month, $5,100, receiving cash.\fFor utilities V -300 -3100 Net cash provided (used) by operating activities 2000 Cash flows from investing activities Acquisition of land V -19900 Net cash provided (used) by investing activities V 19900 Cash flows from financing activities V Issuance of common stock V 8100 Payment of cash dividends V -2400 Net cash provided (used) by financing activities V Net increase (decrease) in cash Cash balance, December 1, 2016 18200 Cash balance, December 31, 2016 NSWER RESET ! Incorrect. Try reviewing the Hint to better understand the goal of this activity. Privacy Policy Copyright @ 2022 Pearsor