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Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of October. Cash

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Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of October. Cash transactions Cash collections from: Sale of unused office furniture $15,000 Borrowing from bank 100,000 Customers 850,000 Cash payments for: Employee salaries 500,000 Dividends to stockholders 100,000 Advertising expense 225.000 Utilities expense 18,000 Purchased office equipment 80,000 Office supplies 2,500 Noncash Transactions Issue note payable for equipment $300,000 Services to customers on account 45,000 Purchase office equipment on account 25,000 Prepare a statement of cash flows for the month of October, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of October is $25,000. 26. $ What is the amount of cash inflows from operating activities? 27 $ 28. $ 29. S 30.5 What is the amount of cash outflows from operating activities? What is the Net Cash Flows from Operating Activities (if cash used, use "-")? What is the NetCash Flows from Investing Activities (if cash used, use ***)? What is the Net Cash Flows from Financing Activities (if cash used, use "-"y? How much did cash change (if decrease, use -) What is the ending cash balance for the company? 31. S 32.5 Chapter 4 Page 4-1

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