one Question

Given the following cash transactions relating to Camarillo Company, (1) what is the net cash flows from financing activities, (2) nt change (increase/decrease) of cash during the year, and (3) ending cash balance using the direct method? Beginning cash balance is $98,200 and ending cash balance is $79,900. 1. Customers paid cash for services received $88,000 2. Purchased new equipment for cash $42,500 3. Made cash payment for rent $6,000 4. Received cash dividends $3,100 5. Purchased 10,000 outstanding common stock shares (treasury stock) for cash $20.000 6. Received cash for selling old equipment $15,500 7. Paid back outstanding notes payable balance $35,000 8. Paid employees salaries and wages in cash $21,400 Hint: First, determine if the transaction is operating, investing, or financing. Then, calculate the change (increase or decrease) in cash balance. . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. . For negative amount (including decrease of cash), make sure to indicate it with a negative sign or in parentheses. For example, if you answer is -$5,000, you can either input the response as -5,000 or (5,000). Responses (1) Net Cash Flows from Financing Activities $ 1. Customers paid cash for services received $88,000 2. Purchased new equipment for cash $42,500 3. Made cash payment for rent $6,000 4. Received cash dividends $3,100 5. Purchased 10,000 outstanding common stock shares (treasury stock) for cast $20,000 6. Received cash for selling old equipment $15,500 7. Paid back outstanding notes payable balance $35,000 8. Paid employees salaries and wages in cash $21,400 . Hint: First, determine if the transaction is operating, investing, or financing. Then, calculate the change (increase or decrease) in cash balance. . When typing your responses, do NOT include a dollar sign. For example, if your ans is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. For negative amount (including decrease of cash), make sure to indicate it with a negative sign or in parentheses. For example, if you answer is - $5,000, you can eithe input the response as -5,000 or (5,000). . Responses (1) Net Cash Flows from Financing Activities $ (2) Net Change (Increase/Decrease) of Cash 2 (3) $ Ending Cash Balance $