I would like assistance with the following for accounting part 3 net income (decrease) cash ________________ cash balance, December 1, 2016 __________________ Cash balance, December
I would like assistance with the following for accounting part 3
net income (decrease) cash________________
cash balance, December 1, 2016__________________
Cash balance, December 31, 2016__________________
Pearson ACT - Sole Proprietorship - Microsoft Edge X https://act.pearsoncmg.com/activity/8/4/2 Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses. Cash balance, December 1, 2016 is $18,400 Transactions Dec. 1 The owner contributed an additional $8,000 cash to the business in exchange for capital. 7 Purchased equipment for $1,900 on account. 14 Paid $20,000 cash for land. 17 Paid cash expenses: office rent, $1,700; employees' salaries, $1,500; utilities, $100. 23 The owner withdrew $2,400. 26 Earned service revenue for the month, $5,100, receiving cash.Pearson ACT - Sole Proprietorship - Microsoft Edge X A https://act.pearsoncmg.com/activity/8/4/2 SMART TOUCH LEARNING Statement of Cash Flows V Month Ended December 31, 2016 V Cash flows from operating activities V Receipts: Collections from customers V 5100 Payments: For rent -1700 For salaries -1500 For utilities V -100 3300 Net cash provided (used) by operating activities 1800 Cash flows from investing activities Acquisition of Land V -20000 Net cash provided (used) by investing activities V -20000Pearson ACT - Sole Proprietorship - Microsoft Edge X A https://act.pearsoncmg.com/activity/8/4/2 Net cash provided (used) by operating activities 1800 Cash flows from investing activities V Acquisition of Land V 20000 Net cash provided (used) by investing activities -20000 Cash flows from financing activities Owner contribution V 8000 Owner withdrawal V -2400 Net cash provided (used) by financing activities V 5600 Net increase (decrease) in cash Cash balance, December 1, 2016 Cash balance, December 31, 2016 CHECK ANSWER RESET