Q# 3:

During the month of October 2017, Gardial company had the following transactions: -

Sales of $ 10,000 were occurred and received in cash

Bank loans of $ 2,000 were paid off

Equipment of $ 4000 were purchased

Transportation expense of $ 7,200 were paid

Additional shares of capital stock $ 7,200 were paid

Office equipment were purchased of $3000 on account

Account receivables of 40,000 were received

Receipts from the customers $2000 in cash

Assuming that the cash balance at the beginning of the month was $ 12,000, create a statement of cash flows that reconciles the beginning and ending cash balances