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Prepare the statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign.) SONY ELECTRIC Statement of Cash Flows
Prepare the statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign.)
SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $67,600 cash fron a personal savings accpunt to a checking account in the hame of Sony Electric in exehange for its cormon stock. December 2 The company paid $1,700 cash for the December rent. December 3 The company purchased $14,100 of electrical equipent by paying $5,900 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 casb. December 6 The company completed electrical work and innediately collected $1,300 cash for these services. December 8 The company purchased $2,760 of office equipnent on credit. December 15 The company completed electrical work on credit in the amount of $6,700. December 18 the coemany purchased $310 of aupplies on eredit. December 20 The company paid $2,760 eash for the oftice equipment purchased on December 8. December 24 The company billed a client $900 for electrical work cospleted; the balance is due in 30 days. December 28 The company received $6,700 cash for the vork completed on Decenber 15 . December 29 The company paid the assistant's salary of $1,700 cash for this month. Deceaber 30 the company paid $510 cash for this month's atility bi11. December 31 The company paid $930 caeh in dividends to the owner (aole abareholder) Step by Step Solution
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