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The following T-account is a summary of the cash account of Pearl Industries. Cash (Summary Form) Balance, Jan. 1 22,400 Receipts from customers 1,019,200 Payments
The following T-account is a summary of the cash account of Pearl Industries.
Cash (Summary Form) | |||
Balance, Jan. 1 | 22,400 | ||
Receipts from customers | 1,019,200 | Payments for goods | 560,000 |
Dividends on stock investments | 16,800 | Payments for operating expenses | 32,000 |
Proceeds from sale of equipment | 100,800 | Interest paid | 28,000 |
Proceeds from issuance of | Taxes paid | 22,400 | |
bonds payable | 840,000 | Dividends paid | 112,000 |
Balance, Dec. 31 | 884,800 |
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 _____ choose provided or used.
by financing activities$enter a dollar amount _____
Net cash choose provided or used providedused by financing activities | $enter a dollar amount |
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