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Need help with cash flow question. Statement of Cash Flows Looney Inc. was organized on July Year 1. A summary of cash flows for July
Need help with cash flow question.
Statement of Cash Flows Looney Inc. was organized on July Year 1. A summary of cash flows for July follows. Cash receipts: Cash received from customers $249,400 Cash received from issuance of common stock 43,000 Cash received from note payable 25,800 Cash payments: Cash paid out for expenses 141,900 Cash paid out for purchase of equipment 64,500 Cash paid as dividends 8,600 Prepare a statement of cash flows for the month ended July 31, Year 1. Use the minus sign to indicate cash out flows, decreases in cash, or cash payments. If your answer is zero enter "O". Looney Inc. Statement of Cash Flows For the Month Ended July 31, Year 1 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: $Step by Step Solution
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