Accounts payable 48,950 Stockholders Equity Common stock Retained eamings S 71,0

Question

Accounts payable 48,950 Stockholders Equity Common stock Retained eamings S 71,000 33,650 Total stockholders' equity Total liabilities and stockholders' equity 204,650 S 253,600 BEV'S DRY CLEANERS Statement of Cash Flows For the Month Ended November 30, 2018 Cash flows from operating activities: Cash received from customers Cash payments for expenses and payments to creditors Net cash flows from operating activities [ Cash flows from investing activities: Purchase of land Cash flows from financing activities Cash received from issuing common stock Cash dividends Net cash flows from financing actvities Net increase in cash Cash balance, November 1, 2018 Cash balance, November 30, 2018

Explanation / Answer

Bev's Dry Cleaners Statement of Cashflow For the month ended November 30, 2018 Cash flow from operating activities Cash received from customers $           1,15,000 ($77,000+38,000) Cash payment for expenses and payments to creditors $             -53,200 (20,000+29200+4000) Net cash flow from operating activities $              61,800 Cash flow from investing activities Purchase of land $             -35,000 Cash flow from financing activities: Cash received from issuing common stock $              21,000 Cash dividend $               -5,000 Net cash flows from financing activities $              16,000 Net increase in cash $              42,800 Cash balance, November 1 $              39,000 Cash balance, November 30 $              81,800

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