Solution-Prepare the statement of cash flows for smart touch

Prepare the statement of cash flows for smart touch

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Reference no: EM132708681

Problem 1: Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts. Then enter the account balances and calculate ending balances. Enter decreases in cash with a minus sign or parentheses.

Cash balance, December 1, 2016 is $18,500

Transactions

Dec.1 The owner contributed an additional $7,800 cash to the business in exchange for capital.
DEC 7 Purchased equipment for $1,700 on account.
DEC 14 Paid $20,100 cash for land.
DEC 17 Paid cash expenses: office rent, $1,700; employees' salaries, $1,300; utilities, $90.
DEC 23 The owner withdrew $2,600.
DEC 26 Earned service revenue for the month, $5,100, receiving cash.

Reference no: EM132708681

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Prepare the statement of cash flows for smart touch

Reference no: EM132708681

Reference no: EM132708681

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