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28 Sep 2019
Stacy Equipment Company for 20C:
- Net income for the year 20C was $5,000.
- Accounts receivable decreased $2,000,
- Inventories increased $4,000
- Accounts payable decreased $7,000.
- Wages payable increased $1,000
- Depreciation expense was $7,500.
- A new service truck was purchased for $14,000.
- Issued $30,000 common stock in exchange for a newequipment.
- The company borrowed $18,000 on a two-year note from thebank.
- Dividends of $7,000 were paid in cash.
- The beginning cash balance was $10,000
How much is the net change in cash account during the year?
Stacy Equipment Company for 20C:
- Net income for the year 20C was $5,000.
- Accounts receivable decreased $2,000,
- Inventories increased $4,000
- Accounts payable decreased $7,000.
- Wages payable increased $1,000
- Depreciation expense was $7,500.
- A new service truck was purchased for $14,000.
- Issued $30,000 common stock in exchange for a newequipment.
- The company borrowed $18,000 on a two-year note from thebank.
- Dividends of $7,000 were paid in cash.
- The beginning cash balance was $10,000
How much is the net change in cash account during the year?
Hubert KochLv2
28 Sep 2019