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Hello, I was hoping someone might be able to help me with the bottom section that is still blank? Thanks so much in advance! (The
Hello,
I was hoping someone might be able to help me with the bottom section that is still blank? Thanks so much in advance! (The net increase, and two cash balances)
.X More Info Mar. 1 Sold personal investment in Amazon stock, which she had owned for several years, receiving $27,000 cash. 2 Deposited the $27,000 cash from the sale of the Amazon stock in her personal bank account. 3 Deposited $90,000 cash in a new business bank account titled Amanda Petrone, Attorney. The business issued common stock to Petrone. 5 Paid $550 cash for ink cartridges for the printer. 7 Purchased computer for the law office, agreeing to pay the account, $7,000, within three months. 9 Received $1,500 cash from customers for services rendered. 15 Received bill from The Lawyer for magazine subscription, $120. (Use Miscellaneous Expense account.) 23 Finished court hearings on behalf of a client and submitted a bill for legal services, $15,000, on account. 28 Paid bill from The Lawyer. 30 Paid utilities, $840. 31 Received $2,900 cash from clients billed on March 23. 31 Cash dividends of $4,000 were paid to stockholders. Print Done Amanda Petrone, Attorney Statement of Cash Flows Month Ended March 31, 2018 Cash flows from operating activities: Receipts: Collections from customers Payments: To suppliers HA 4,400 $ (1,510) (1,510) 2,890 Net cash provided (used) by operating activities Cash flows from investing activities: 0 Net cash provided (used) by investing activities Cash flows from financing activities: Issued common stock Payment of cash dividends 90,000 (4,000) 86,000 Net cash provided (used) by financing activities Net increase (decrease) in cash Cash balance, March 1, 2018 Cash balance, March 31, 2018
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