During January, Your Company engaged in the following cash transactions: 1) issued stock for $30,000 2)...
During January, Your Company engaged in the following cash transactions:
1) issued stock for $30,000
2) borrowed $45,000 from its bank
3) provided services for $32,000 cash
4) paid back $10,000 of the bank loan
5) paid employees' salaries, $2,000
6) purchased supplies for $3,000
7) paid $5,000 dividends to stockholders
What is the net cash flow from financing activities for January? Group of answer choices
Homework Answers
Net Cash flow from financing activities for january was $60,000
Explanation
| Particulars | Amount($) |
| (+)Issue stock | $ 30,000 |
| (+)Borrowed from Bank | $ 45,000 |
| (-)Repayment of loan | ($ 10,000) |
| (-)Dividend paid | ($ 5,000) |
| Net Cash flow from financing activities | $ 60,000 |
2. Providing services, paid employees and purchased supplies are operating activities.
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