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please solve all The following amounts summarize the financial position of H&R Young Corp. on May 31. ASSETS = LIABILITIES + OWNER'S EQUITY Cash A/R
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The following amounts summarize the financial position of H&R Young Corp. on May 31. ASSETS = LIABILITIES + OWNER'S EQUITY Cash A/R Supplies A/P Capital 3096 5832 43380 9720 42588 a) Performed services and billed the client for the services rendered: $4000 b) Withdrew $2200 for personal use c) Received $2000 of A/R issued in transaction (a) d) Purchased equipment $1300 and paid $300 in cash and the remaining on account e) Paid $1200 of electricity bill How much is the cash flows from operating activities? O A. 2800 OB. 4800 O C. none of them OD. 1200 O E. 800 How much is the cash flows from investing activities? O A. - 1300 O B. none of them O C. 1700 OD. -2300 O E-300 How much is the increases/decreases cash balance during the period? O A. none of them OB. - 1700 O C. 1700 OD. 1396 O E. 4300Step by Step Solution
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