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The following information applies to the questions displayed below) The following Cash T-account shows the total debits and total credits to the Cash account of
The following information applies to the questions displayed below) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year $ Balance, Dec. 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts froe issuing stock Receipts from borrowing Cash 108,600 4,778,400 Payments for inventory 1,672, 440 Payments for wages 1,768,008 Payments for rent 563,851 Payments for interest 1,228,049 Payments for taxes 2,069,047 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ 1,266, 276 439,613 253,255 172,022 358, 380 1,782, 343 1,801, 452 305,818 396,607 172,022 Balance, Dec. 31, current year (2) Refer to the statement of cash flows for part 1 to answer the following questions a through di a.) Which section shows the largest cash inflow? (n) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from d. From borrowing activities the company has Financing section Operating section Investing section (2) Refer to the statement of cash flows for part 1 to answer the following questions a through d. a. Which section shows the largest cash inflow? (m) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from d. From borrowing activities the company has
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