ACCTMIS 2200 Lecture 7: 7. Statement of Cash Flows Lab
blushjackal941 and 2 others unlocked
4
ACCTMIS 2200 Full Course Notes
Verified Note
4 documents
Document Summary
Cash received from the sale of common stock financing. Calculate amount of cash received from sale of common stock. Calculate amount of cash paid to purchase equipment. Net cash change = ,000 - 21,000 = ,000. Inflows = 255 + 28 + 23 + 21 = 327,000. Outflows = 35 + 21 + 53 + 144 + 23 + x = 276,000. Cash from accts rec = 255 (from inflows) - 6 (difference in unearned rev) = 249,000. 82,000 + sales revenue - 249,000 = 73,000. Cash paid for inventory: 144,000 (from outflows) inventory purchases: 59 + inventory purchases - 144,000 = 48,000. Rent revenue: cash received from tenants: 23,000 (from inflows) 14,000 + rent revenue - 23,000 = 18,000. Purchase: 35,000 (from outflows) cost of land sold: Cash paid for interest: 23,000 (from outflows) interest expense: Cash paid to insurance: 21,000 (from outflows) insurance expense: