Question
Whispering Winds Corp. had the following transactions during 2022: 1. Issued $ 235000 of par value common stock for cash. 2. Recorded and paid wages
Whispering Winds Corp. had the following transactions during 2022:
1. Issued $235000 of par value common stock for cash.
2. Recorded and paid wages expense of $112800.
3. Acquired land by issuing common stock of par value $94000.
4. Declared and paid a cash dividend of $18800.
5. Sold a long-term investment (cost $5640) for cash of $5640.
6. Recorded cash sales of $752000.
7. Bought inventory for cash of $300800.
8. Acquired an investment in Zynga stock for cash of $39480.
9. Converted bonds payable to common stock in the amount of $940000.
10. Repaid a 6-year note payable in the amount of $413600.
What is the net cash provided by financing activities?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
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