Thomason Financial has the following cash transactions for the year. Assume cash at the beginning of the period is $6,500. Prepare a statement of cash flows. (Amounts to be deducted and cash outflows should be indicated with minus sign.)

Explanation:

THOMASON FINANCIAL

Statement of cash flows

for the year ended

Cash flow from operating activities  

Cash infolws  

Cash received for sale of serivces to customers$    43,000  

Cash outflows  

Cash paid to building maintenance$    (3,900)  

Cash paid for advertisments$    (6,800)  

Cash paid to workers$ (16,000)  

Net cash flow from operating activities  $    16,300

Cash flow from investing activities  

Cash paid to parchase office equipment$ (35,000)  

Cash received from sale of land$       4,300  

Net cash flow from investing activities  $ (30,700)

Cash flow from financing activities  

Cash received from issuance of common stock$    24,000  

Cash paid for dividends to stockholders$    (1,600)  

Cash received from borrowings$    15,100  

Net cash flow from financing activities  $    37,500

Net Increase in cash  $    23,100

Cash at the beginning of the year  $       7,100

Cash at the end of the year  $    30,200

the answer is 4 : )

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