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PRATT Corporation Statement of Cash Flows for the month ended December 31 , 2017 Cash Flows Operating Activities Accounts Receivable Inventory

This question consist of two parts. The first part is already done. I need help on the second part with the Statement of Cash Flow. Can someone help and explain to me. please!IMG_2437.jpgIMG_2436.jpg

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PRATT Corporation
Statement of Cash Flows
for the month ended December 31 , 2017
Cash Flows Operating Activities
Accounts Receivable
Inventory
Accounts Payable
Cash Flows Investing Activities
Land Improvements
Equipment - Truck
Cash Flows Financing Activities
Long-term Notes Payable
Common Stock
Net Change in Cash
Beginning Cash Balance
nding Cash Balance

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HW 12 # 14 : Determine the Net Change in Cash
The General Ledger accounts for Pratt Corporation reported the
following account balances at December 1 2017 . Cash $50.000
Accounts Receivable $100,000 , Inventory $200 000 , and Accounts
Payable $60 , 000 . Presented below are selected cash transactions
during December for recording
Issued $10 000 in common stock for cash
Purchased delivery truck for $20 000 cash
Collected $50 000 cash on Accounts Receivable
Issued $15000 Notes Payable ( due 2020 )
Purchased $25 000 in inventory
Paid $10,000 cash on Accounts Payable
Purchased new sprinkler system $6 000 cash
Instructions
Determine the Net Change in Cash . S
14000
What was Cash at beginning of period ? s
571 080
What was Cash at end of period ? $
64,000
2-15

Top Answer

The cash flow statement would appear as below: Cash flow from Operating Activities Accounts Receivables........50,000... View the full answer

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