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The following T-account is a summary of the cash account of Bridgeport Company. Cash (Summary Form) Balance, Jan. 1 12,800 Receipts from customers 582,400 Payments
The following T-account is a summary of the cash account of Bridgeport Company. Cash (Summary Form) Balance, Jan. 1 12,800 Receipts from customers 582,400 Payments for goods 320,000 Dividends on stock investments 9,600 Payments for operating expenses 224,000 Proceeds from sale of equipment 57,600 Interest paid 16,000 Proceeds from issuance of Taxes paid 12,800 bonds payable 480,000 Dividends paid 64,000 Balance, Dec. 31 505,600 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash provided v by financing activities $ 489600
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