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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
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 experse 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. $ 27. S 28. S. 29.5 30. S _What is the amount of cash inflows from operating activities? 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? 31.5 32. S
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