Exercise 1-9
Requirement 1
Beginning balance $ 4,000
Cash received from sale of products to customers 35,000
Cash received from the bank for long-term loan 40,000
Cash paid to purchase factory equipment (45,000)
Cash paid to merchandise suppliers (11,000)
Cash received from the sale of an unused warehouse 12,000
Cash paid to workers (23,000)
Cash paid for advertisement (3,000)
Cash received for sale of services to customers 25,000
Cash paid for dividends to stockholders (5,000)
Ending balance $29,000
Requirement 2
Tiger Trade
Statement of Cash Flows
Cash Flows from Operating Activities
Cash inflows:
From sale of products to customers $35,000
From sale of services to customers 25,000
Cash outflows:
For merchandise suppliers (11,000)
For workers (23,000)
For advertisement (3,000)
Net cash flows from operating activities $23,000
Cash Flows from Investing Activities
Purchase factory equipment (45,000)
Sale of warehouse 12,000
Net cash flows from investing activities (33,000)
Cash Flows from Financing Activities
Borrow from bank 40,000
Pay dividends (5,000)
Net cash flows from financing activities 35,000
Net increase in cash 25,000
Cash at the beginning of the year 4,000
Cash at the end of the year $29,000
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