01-20Ex_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Exercise 1-20 Name: Section: Score: 0% Answers are entered in the cel s with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the column to the right of an incorrect answer. PANTERA INC. Statement of Cash Flows For the Month Ended May 31, 2011 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities: Cash flows from financing activities: Net cash flows from financing activities May 1, 2011 cash balance May 31, 2011 cash balance Instructions
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Exercise 1-20 Name: SOLUTION Section: Score: See student sheet for student's score. Scoring: ON Answers are entered in the cel s with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) wil appear in the column to the right of an incorrect answer. PANTERA INC. Statement of Cash Flows For the Month Ended May 31, 2011 Cash flows from operating activities: Cash received from customers $300,000 Cash payments for expenses 180,000 Net cash flows from operating activities $120,000 Cash flows from investing activities: Cash payment for purchase of equipment (95,000) Cash flows from financing activities: Cash received from sale of capital stock $275,000 Cash received from notes payable 55,000 $330,000 Deduct cash dividends 15,000 Net cash flows from financing activities 315,000 Net increase in cash $340,000 May 1, 2011 cash balance 0 May 31, 2011 cash balance $340,000 Instructions...
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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01-20Ex_5e_s - A red asterisk wil appear in the column to...

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