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Prepare a statement of cash flows that displays operating

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Reference no: EM132616424

During the month of October, current year, Weller Company had the following transactions.

  1. Revenues of $10,000 were earned and received in cash.
  2. Bank loans of $3,000 were paid off.
  3. Equipment of $3,300 was purchased for cash.
  4. Expenses of $7,600 were paid.
  5. Additional shares of capital stock were sold for $7,800 cash.

Problem 1: Assuming that the cash balance at the beginning of the month was $13,000, prepare a statement of cash flows that displays operating, investing, and financing activities and that reconciles the beginning and ending cash balances. (List any deduction in cash and cash outflows as negative amounts.)

 

Reference no: EM132616424

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