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What amount of net cash provided by financing activities

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Reference no: EM13526533

The following T account is a summary of the cash account of Holmes Company.

Cash (Summary Form)

Balance, Jan. 1

8,000

Receipts from customers

364,000

Payments for goods

200,000

Dividends on stock investments

6,000

Payments for operating expenses

140,000

Proceeds from sale of equipment

36,000

Interest paid

10,000

Proceeds from issuance of

Taxes paid

8,000

bonds payable

300,000

Dividends paid

40,000

Balance, Dec. 31

316,000

What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Reference no: EM13526533

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