Preparing the statement of cash flows Polk Street Homes had the following cash transactions for the month ended July 31, 2018. Cash receipts: Collections from customers $25,000Issued common stock 13,000Cash payments: Rent 500Utilities 2,000Salaries 1500Purchase of equipment 25,000Payment of cash dividends 4,000Cash balance, July 1, 2018 14,000Cash balance, July 31, 2018 19,000Prepare the statement of cash flows for Polk Street Homes for the month ended July 31, 2018.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Preparing the statement of cash flows Polk Street Homes had the following cash transactions for the month ended July 31, 2018. Cash ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Suppose that last month, 1.00 U. S. dollar could purchase 0.75 euros, but this month it can purchase only 0.70 euros. What do we say is happening to the value of the U. S. dollar and the euro?
Answers (1)
Which of the following is true of a dividend payout? A. When a stock begins to trade ex dividend the share price will fall. B. When a firm announces that it will increase its dividend, the share price usually decreases on that news. C.
Answers (1)
The inventory subsidiary ledger is used a. to keep track of inventory sold. b. to keep track of proper inventory maximum and minimum levels. c. to keep track of inventory purchased. d. All of these choices are correct.
Answers (2)
You are considering a project with projected annual cash inflows of $32,200, $41,800, $22,900 for the next three years, respectively. What is the value of the project today at a discount rate of 14 percent
Answers (1)
Categorize each of the following as a type of savings or investment in the economic sense. a. You buy 100 shares of Apple Computer stock:. b. You place part of your income in a mutual fund:. c. A delivery service buys 1,000 new trucks:. d.
Answers (1)
New Questions in Business
Which of the following costs is a mixed cost? 1. Salary of a factory supervisor 2. Electricity costs of $2 per kilowatt-hour 3. Rental costs of $5,000 per month plus $.30 per machine hour of use 4. Straight-line depreciation on factory equipment
Answers (1)
Lauren drinks a variety of soft drinks. Over the past month, she has had 1616 diet colas, 44 cans of lemonade, and 66 cans of root beer. a. Given this history, what is the probability that her next drink will be a diet cola? Lemonade? Root beer? b.
Answers (1)
Florida law requires that motorcycles must always be operated by
Answers (2)
Helena Fogarty does her own research and development for Mi Ola. When she goes out and talks to fellow surfers about their use and likes and dislikes of surfing swimwear in general to get inspiration for new products, she is in which of the
Answers (1)
Amanda invested a total of $3 comma 100 into three separate accounts that pay 4 % , 6 % and 7 % annual interest. Amanda has three times as much invested in the account that pays 7 % as she does in the account that pays 4 %.
Answers (1)