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Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2015 Cash Transactions Cash collections from: Customers

Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2015. Cash Transactions Cash collections from: Customers ..................... $ 93,500 Sale of unused warehouse .............. 36,000 Bank borrowing .................. 26,000 Cash payments for: Employee salaries ................... (65,300) Office rent ..................... (19,000) Manufacturing equipment ............... (46,000) Office utilities .................. (11,800) Dividends to stockholders .............. (6,700) Materials to make toys ................ (27,700) Noncash Transactions Sales to customers on account ............ 16,400 Purchase of materials on account ............ 13,900 Purchase equipment with promissory note to pay later ... 18,500 Required: Prepare a statement of cash flows for the month of August 2015, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $25,500.

May 18 2020 View more View Less

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