Solution-What is the amount of net decrease in cash during

What is the amount of net decrease in cash during month

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Reference no: EM13535231

David Saros operates his own catering service. Summary financial data for August are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in stockholders' equity, except transaction (4), affects net income.

							Capital		Retained
Cash		+	Land	=	Liabilities	+	Stock	+	Earnings
Bal.	9,500	10,000			4,350		10,000		5,150
1.	+36,000								+36,000
2.	-15,000	+15,000
3.	-21,250								-21,250
4. Bal.	-1,500								-1,500
4. Bal.	7,750	25,000			4,350	10,000			18,400

a. Describe each transaction.

b. What is the amount of net decrease in cash during the month?

c. What is the amount of net increase in retained earnings during the month?

d. What is the amount of the net income for the month?

e. How much of the net income for the month was retained in the business?

f. What is the amount of net cash flows from operating activities?

g. What is the amount of net cash flows from investing activities?

h. What is the amount of net cash flows from financing activities?

Reference no: EM13535231

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What is the amount of net decrease in cash during month

Reference no: EM13535231

Reference no: EM13535231

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