nds Financial Accounting Supplemental Worksheet: Cash Flow Statements te Effect onEffect on March's carn Event 1. of Activity Sold S 18,000 of goods on credit to customers. Received a 25% Net Income Cash Flow down payment with the balance on account 2. Paid $500 cash for office supplies that will be used during April 3. Received $3,000 from a customer in full payment of her account balance. 4. Borrowed $80,000 from a local bank to be repaid in monthly installments plus interest starting in April. 5. Paid rent on the office space ($1,200 per month) for the months of February, March, and April 6. Distributed monthly paychecks to employees totaling $13,300 30% was for work performed in February and the balance for work performed in March 7. Purchased new Internet server equipment at a cost of $50,000. 8. Purchased a 3-year fire insurance policy at a total cost of 10,800. Its coverage began on March 1 9. Purchased merchandise from suppliers on credit at a cost of $70,000 10. Collected $22,000 from customers in payment of their accounts, 80% of this amount was from sales recorded in February and the balance was from March sales. Collected four months' rent in advance (at $700 per month) from a tenant who will move in on April 1 11. 12. Paid $45,000 to suppliers in partial payment for goods purchased in #9above. 3. Sold $33,000 of merchandise to customers on credit 14. Sold an investment in stocks and bonds for $28,000: the same amount that had been paid for it. A 3-year, 9% note receivable was accepted in full payment Totals for March