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During the month of July, K-Krew Inc. had the following transactions: (1)Revenues of $120,000 were earned and received in cash. (2)Bank loans of $18,000 were
During the month of July, K-Krew Inc. had the following transactions: (1)Revenues of $120,000 were earned and received in cash. (2)Bank loans of $18,000 were paid off (3)Equipment of $40,000 was purchased with cash. (4)Expenses of $73,600 were paid. (5)Stockholders purchased additional shares for $44,000 cash. A statement of cash flows for July would report net cash fows from financing activities of: $40,000 o S26,000 O $46,400 o S32,400
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