Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021. $ 92,600 35,100 25,100 Cash Transactions Cash collections
Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021. $ 92,600 35,100 25,100 Cash Transactions Cash collections from: Customers Sale of unused warehouse Bank borrowing Cash payments for: Employee salaries Office rent Manufacturing equipment Office utilities Dividends to stockholders Materials to make toys Noncash Transactions Sales to customers on account Purchase of materials on account Purchase equipment with promissory note to pay later (64,400) (18,100) (44,200) (10,900) (4,900) (26,800) 15,500 13,000 17,600 Required: Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $24,600. (List cash outflows and decrease in cash as negative amounts.) PIXAR TOY MANUFACTURING Statement of Cash Flows For the month ended August 31, 2021 Cash Flows from Operating Activities Cash inflows: Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the month Cash at the end of the month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started