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Thomason Financial has the following cash transactions for the year. Assume cash at the beginning of the period is $6,000. Prepare a statement of cash flows.
|
|
Accounts |
|
Amounts |
|
|
Cash received for sale of services to customers |
|
$42,000 |
|
|
Cash received from issuance of common stock |
|
33,000 |
|
|
Cash paid to purchase office equipment |
|
(49,000) |
|
|
Cash paid to building maintenance |
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(7,000) |
|
|
Cash paid for advertisement |
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(8,000) |
|
|
Cash paid to workers |
|
(18,000) |
|
|
Cash paid for dividends to stockholders |
|
(3,000) |
|
|
Cash received from sale of land |
|
7,000 |
|
|
Cash received from borrowing |
|
14,000 |
163. Each of the following independent situations represents amounts shown on the four basic financial statements. Fill in the missing blanks using your knowledge of amounts that appear on the financial statements.
1. Revenues = $27,000; Expenses = $18,000; Net income = __________.
2. Increase in stockholders’ equity = $20,000; Issuance of common stock = $12,000; Dividends = $5,000; Net income = __________.
3. Assets = $25,000; Liabilities = $13,000; Stockholders’ equity = __________.
4. Total change in cash = +$28,000; Net operating cash flows = +$30,000; Net financing cash flows = +$18,000; Net investing cash flows = __________.
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