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K Palm Street Homes had the following cash transactions for the month ended July 31, 2024. (Click the icon to view the cash transactions.) Prepare
K Palm Street Homes had the following cash transactions for the month ended July 31, 2024. (Click the icon to view the cash transactions.) Prepare the statement of cash flows for Palm StreetHomes for the month ended July31, 2024. Complete the statement one section at a time, beginning with the heading and cash flows from operating activities. (I zero. Use a minus sign or parentheses for amounts that result in a decrease in cash.) Cash flows from operating activities: Receipts: Collections from customers Payments: Palm Street Homes Statement of Cash Flows Month Ended July 31, 2024 To employees To suppliers Net cash provided (used) by operating activities Cash flows from investing activities: Issued common stock Payment of cash dividends Net cash provided (used) by investing activities (2,500) (5,700) 11,000 5,500 16,500 $ 17,000 (8,200) 8,800 Data table Cash receipts: Collections from customers Issued common stock Cash payments: Rent Utilities Salaries Purchase of equipment Payment of cash dividends Cash balance, July 1, 2024 Cash balance, July 31, 2024 Print Done $ 17,000 11,000 4,500 1,200 2,500 5,300 5,500 11,000 20,000 er a
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