Rosa Corkery
Jan 24, 2025
The following t-account is a summary of the cash account of cuellar company. cash (summary form) balance, jan. 1 7,000 receipts from
The following T-account summarizes the cash account of Cuellar Company.
Cash (Summary Form)
Balance, Jan. 1: $7,000
Receipts from customers: $365,700
Payments for goods: $275,100
Dividends on stock investments: $5,600
Payments for operating expenses: $139,500
Proceeds from the sale of equipment: $37,000
Interest paid: $11,400
Proceeds from issuance of bonds payable: $500,000
Dividends paid: $60,100
Balance, Dec. 31: $420,900
What amount of net cash provided (or used) by financing activities should be reported in the statement of cash flows? Please show amounts that decrease cash flow with either a negative sign (e.g., -15,000) or in parentheses (e.g., (15,000)).
5 Answers
Feb 20, 2025
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