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Statement of Cash Flows from Cash Account A cash T account for Pryor Consulting Services' first month of operations ended March 31, 20Y3, is
Statement of Cash Flows from Cash Account A cash T account for Pryor Consulting Services' first month of operations ended March 31, 20Y3, is as follows: a. Classify each of the March cash transactions as an operating, Investing, or financing activity using the following format. Type of Activity Transaction Cash Transaction Type of Activity Financing Issued common stock Mar. 1 50,000 Mar. 1 Mar. 21 Mar. 41 6,000 Paid rent 2,400 Paid insurance Operating Operating 18,000 Purchased office equipment Financing Operating Received fees from clients Mar. 10 13,500 Mar. 15 4,000 Paid employees. Operating Operating Received fees from clients Mar. 17 9,250 Mar. 21 2,750 Paid expenses Operating Operating Received fees from clients : Mar. 24 2,850 Mar. 29 3,100 Paid expenses Operating Mar. 31 4,000 Paid employees Operating Operating Received fees from clients Mar. 31 4,050 Mar. 31 6,000 Paid dividends Financing Mar. 31 Bal. 33,400 Mar. 31 Bal. 33,400 b. Prepare a statement of cash flows for Pryor Consulting Services for the month ended March 31, 2013. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. Pryor Consulting Services Statement of Cash Flows For the Month Ended March 31, 20Y3 Line Item Description Cash flows from (used in) operating activities: Cash received from customers Net cash flows from operating activities Cash flows from (used in) investing activities: Cash flows from (used in) financing activities: Cash balance, March 1, 2013 Cash balance, March 31, 2013 Amount 00 00 Amount 00 0000 Check My Work A more Check My Work uses remaining Email instructor Save and Exit Submit Assignment for Grading
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