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Question regarding the net change in cash account

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Reference no: EM131085973

Stacy Equipment Company for 20C:

  • Net income for the year 20C was $5,000.
  • Accounts receivable decreased $2,000,
  • Inventories increased $4,000
  • Accounts payable decreased $7,000.
  • Wages payable increased $1,000
  • Depreciation expense was $7,500.
  • A new service truck was purchased for $14,000.
  • Issued $30,000 common stock in exchange for a new equipment.
  • The company borrowed $18,000 on a two-year note from the bank.
  • Dividends of $7,000 were paid in cash.
  • The beginning cash balance was $10,000

How much is the net change in cash account during the year?

Reference no: EM131085973

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