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Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October: Problem 4 - 5 A Part 3
Rocky owns and operates Balboa's Gym located in Philadelphia.
The following transactions occur for the month of October:
Problem A Part aAssume the balance of cash at the
beginning of October is $ Post each cash transaction to the
cash Taccount.bPrepare a statement of cash flows for
the month of October, properly classifying each of the cash
transactions into operating, investing, and financing activities.
Assume that the balance of cash at the beginning of October is
$List cash outflows and decrease in cash as
negative amounts. Total entries from the same source together when
entering in the statement of cash flows.
An examination of the cash activities during the year shows the following.
tableDatetableCash ReceiptsDescriptiontableJuly AmounttableGREATash AccDatetableENTURESRecordsCember Check numbertablesbursementsDescriptionAmountStock sale,$Insurance,$
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