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Revenues of $13,000 were earned and received in cash. b. Bank loans of $1,000 were paid off. c. Equipment of $2,900 was purchased for cash.
Revenues of $13,000 were earned and received in cash. b. Bank loans of $1,000 were paid off. c. Equipment of $2,900 was purchased for cash. d. Expenses of $7,700 were paid. e. Additional shares of capital stock were sold for $9,800 cash. Assuming that the cash balance at the beginning of the month was $8,000, prepare a statement of cash flows that displays operatin investing, and financing activities and that reconciles the beginning and ending cash balances. (List any deduction in cash and cast outflows as negative amounts.) WELLER COMPANY Statement of Cash Flows For the Month Ended October 31, Current Year Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: GA $ $ 125 0 0
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