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Unformatted text preview: 26,000 Retained earnings (from income statement above) 35,000 Total stockholders’ equity 61,000 Total liabilities and stockholders' equity $87,000 E1–15. 1 PAUL'S PAINTERS Cash Flow from Operations For the Month of January 2006 Cash Inflows Cash services $105,000 Cash Outflows: Salaries and wages $50,000 Other expenses paid 26,000 Total cash outflows 76,000 Difference: Net increase (decrease) in cash $29,000 2 Reconciliation with income: Income $41,000 Non-cash services (30,500) Non-cash expenses ($3,000 + $2,000 + $13,500) 18,500 Net increase (decrease) in cash $29,000...
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This note was uploaded on 11/22/2009 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue.
- Spring '08