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please provide work if you can:) Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting
please provide work if you can:)
Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of January. Cash transactions Cash collections from: Sale of unused office furniture $17,500 Borrowing from bank 200,000 Customers 775,250 Cash payments for: Employee salaries (489,200) Dividends to stockholders (50,000) Advertising expense (222,300) Utilities expense (18,000) Purchased an office equipment (32,000) Office supplies (1,500) Noncash Transactions Issue note payable for equipment $125,000 Services to customers on account 100,000 Purchase supplies on account 275 Prepare a statement of cash flows for the month of January, properly classifying each of the transactions into operating, Investing, and financing activities. The cash balance at the beginning of January is $26,100. 26. S What is the amount of cash inflows from operating activities? 27. $. _What is the amount of cash outflows from operating activities? 28. $. _What Is the Net Cash Flows from Operating Activities (if cash used, use "-")? 29. $. _What is the Net Cash Flows from Investing Activities (if cash used, use "-")? 30. $. What is the Net Cash Flows from Financing Activities (if cash used, use "S? 31. $. _How much did cash change (If decrease, use" 32. $. What is the ending cash balance for the company Step by Step Solution
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