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Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 35,500 Cash received from
Tiger Trade has the following cash transactions for the period.
Accounts | Amounts | ||
Cash received from sale of products to customers | $ | 35,500 | |
Cash received from the bank for long-term loan | 40,500 | ||
Cash paid to purchase factory equipment | (45,500 | ) | |
Cash paid to merchandise suppliers | (11,100 | ) | |
Cash received from the sale of an unused warehouse | 12,100 | ||
Cash paid to workers | (23,100 | ) | |
Cash paid for advertisement | (3,100 | ) | |
Cash received for sale of services to customers | 25,500 | ||
Cash paid for dividends to stockholders | (5,100 | ) | |
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Assume the balance of cash at the beginning of the period is $4,100.
1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.)
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