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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
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 Borrowing from bank Chapter 4 $40,000 150,000 Page 4-4 777,000 Customers Cash payments for: Employee salaries Dividends to stockholders Advertising expense Utilities expense Purchased office equipment Office supplies Noncash Transactions Issue note payable for equipment Services to customers on account Purchase office equipment on account 555,000 75,000 135,000 10,000 75,000 2,000 $350,000 125,000 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 $55,000. 26. $ What is the amount of cash inflows from operating activities? 27. $. 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 Net Cash Flows from Investing Activities (if cash used, use")? What is the Net Cash Flows from Financing Activities (if cash used, use "-")? How much did cash change (if decrease, use "-) _What is the ending cash balance for the company
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