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Need help finding the net cash inflows for the year and beginning cash balance IlIlIcase ill alcuuis leolvavic (U, JUU Decrease in inventory Decrease in
Need help finding the net cash inflows for the year and beginning cash balance
IlIlIcase ill alcuuis leolvavic (U, JUU Decrease in inventory Decrease in accounts payable 1,700 (3,600) $ 24,600 Cash flows from operating activities From investing activities Purchased delivery truck Purchased land (9,900) (36,000) (45,900) Cash flows from investing activities From financing activities Borrowed cash on three-year note Issued stock for cash 34,000 28,000 62,000 Cash flows from financing activities Net cash inflows for the year Beginning cash balance Ending cash balance 0 Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash flows presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $30,000 and the ending balance was $70,700. Cash borrowed on three-year note Decrease in accounts payable Decrease in inventory Increase in accounts receivable Land purchased Net income New delivery truck purchased for cash Stock issued for cash $ 34,000 (3,600) 1,700 (6,500) (36,000) 33,000 (9,900) 28,000Step by Step Solution
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