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What is the company ending cash balance

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Reference no: EM132480697

The Byrne Company was recently started and had the following transactions

Owner's invested $5,000 in the company

Purchased $400 of equipment

Purchased another $500 of equipment

Borrowed $2,000 from a bank

Returned $200 of the equipment previously purchased and received a refund

Purchased $300 of inventory

Paid employees $600 for work performed

Sold 1/2 of the inventory for a total of $400

Paid $200 on the bank loan

Question 1. Based on your results, what is the company's ending cash balance?

Question 2.What is the company's net income?

Question 3. What is the company's cash flow from operating activities? Use a positive number to indicate an overall (i.e. net) inflow or a negative number to indicate an overall outflow.

Question 4. What is the company's total equity at the end of the period?

Reference no: EM132480697

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