Question

Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Financing Activities: (12) (13) (14) Net cash provided by (used for) financing activities 4. What was the net change in cash for the year? The net change in cash for the year was (15) of D 5. If the beginning balance of cash for the year was $344,000, what was the balance of cash at the end of the year? The balance of cash at the end of the year was 1: Data Table Paid for equipment. . . . . . . . . . . . . . . . . $ Paid to suppliers ................ $ Paid for insurance ................$ Depreciation expense ............. $ Paid for advertising Received from sale of land .........$ Received from sale of plant assets. . . . . $ 13,000 34,000 9,400 3,200 7,700 14,000 6,800 Paid for interest ...... $ Paid for utilities $ Paid dividends. Received from customers ................... Paid for taxes $ Received from issuing long-term note payable .... $ Paid to employees .........$ 4,600 16,000 7,700 51,000 5,600 20,000 17,000

Answer 1

Requirement 1 1 Paid for suppliers 2 Paid for insurance 3 Paid for advertising 4 Paid for interest 5 Paid for utilities 6 Received from customers 7 Paid for taxes 8 Paid to employees Net cash provided by (used for) operating activities (34,000) (9,400) (7,700) (4,600) (16,000) 51,000 (5,600) (17,000) (43,300) Requirement 2 | 9 Received from sale of land 10 Received from sale of plant assets 11 Paid for equipment Net cash provided by (used for) investing activities 14,000 6,800 (13,000) 7,800 Requirement 3 12 Paid dividends 13 Received from issuing long-term notes payable 14 Net cash provided by (used for) financing activities (7,700) 20,000 12,300 Requirement 4 The net change in cash for the year was (15) decreased of 23,200 Note: 7,800+12,300-43,300 = -23,200 Requirement 5 The balance of cash at the end of the year was 320,800 Note: 344,000-23,200 = 320,800