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prepare a statemenf of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The
prepare a statemenf of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $23,300. (List cash outflows and decreasing cash as negative amounts.)
Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021 Cash Transactions Cash collections from: Customers Sale of unused warehouse Bank borrowing Cash payments for: Employee salaries office rent Manufacturing equipment Office utilities Dividends to stockholders Materials to make toys Noncash Transactions Sales to customers on account Purchase of materials on account Purchase equipment with promissory note to pay later $ 92,200 34,700 24,700 (64,000 (17,700) (43,400) (10,500) (4,100) (26,400) 15, 100 12,600 17,200 Required: Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $23,300. (List cash outflows and decrease in cash as negative amounts.) Required: Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $23,300. (List cash outflows and decrease in cash as negative amounts.) PIXAR TOY MANUFACTURING Statement of Cash Flows For the month ended August 31, 2021 Cash Flows from Operating Activities Cash inflows: Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the month Cash at the end of the month Step by Step Solution
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