Question
Garcia Trade has the following cash transactions for the period. Accounts Cash received free sale of products to customers Cash received from the bank
Garcia Trade has the following cash transactions for the period. Accounts Cash received free sale of products to customers Cash received from the bank for long-term loan cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to werkers cass paid for advertent Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,500. Required: 1. Calculate the ending balance of cash 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the ending balance of cash. Ending balance Amounts $32,500 37,500 (42.500) (10,500) 11, (22,500) (2,500) 22,100 (4,500) Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.) GARCIA TRADE Statement of Cash Flows Cash Flows from Operating Activities Cash inflows Cash outflows Net cash news from operating actives Cash Flows from Investing Activities Net cash flows used in investing activities Cash Flows from Financing Activites Net cash flows from financing activities Cash at the beginning of the year Cash at the end of the year
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