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Bluebonnet Bakers Statement of cash flows

Bluebonnet Bakers Statement of cash flows - 30,000 Purchase...

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Exercise 4-16 Bluebonnet Bakers Statement of Cash Flows For the Year Ended December 31, 2011 Cash flows from operating activities: Collections from customers $ 380,000 Interest on note receivable 6,000 Purchase of inventory (160,000) Interest on note payable (5,000) Payment of salaries (90,000 ) Net cash flows from operating activities $131,000 Cash flows from investing activities: Collection of note receivable 50,000 Sale of investments
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Unformatted text preview: 30,000 Purchase of equipment (85,000 ) Net cash flows from investing activities (5,000) Cash flows from financing activities: Proceeds from note payable 100,000 Payment of note payable (25,000) Payment of dividends (20,000 ) Net cash flows from financing activities 55,000 Net increase in cash 181,000 Cash and cash equivalents, January 1 17,000 Cash and cash equivalents, December 31 $ 198,000...
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