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ok t ht nces Below are several transactions for White cloud Corporation for 2024. a. Issue common stock for cash, $45,000. b. Purchase building and
ok t ht nces Below are several transactions for White cloud Corporation for 2024. a. Issue common stock for cash, $45,000. b. Purchase building and land with cash, $30,000. c. Provide services to customers on account, $6,500. d. Pay utilities on building, $750. e. Collect $4,500 on account from customers. f. Pay employee salaries, $8,500. g. Pay dividends to stockholders, $3,500. Required: 1.&2. For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether White cloud should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. 3. Assuming the balance of cash on January 1, 2024, equals $3,900, calculate the balance of cash on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 For each transaction, determine the amount of cash flows. If cash is involved in the transaction, indicate whether White cloud should classify it as operating, investing, or financing in a statement of cash flows. Calculate net cash flows for the year. (Enter N/A if the question is not applicable to the statement. List cash outflows as negative amounts.) Transaction Cash Flows Operating, Investing or Financing
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