Cash flows from Receipts Payments Cash balance, December 1, 2016 is $18,500 Transactions Dec 1 The owner contributed an additional $8,100 cash to the business in exchange for capital. 7 Purchased equipment for $1,700 on account. 14 Paid $19,900 cash for land 17 Paid cash expenses: office rent, $1,400; employees' salaries, $1,200; utilities, $300. 23 The owner withdrew $2,400. 25 26 Earned service revenue for the month, $4,800, receiving cash. Payments Net cash provided (used) by Cash flows from Net cash provided (used) by Cash flows from Net cash provided (used) by Net increase (decrease) in cash Cash balance, December 1, 2016 Cash balance, December 31, 2016