The following T-account is a summary of the Cash account of Cheyenne Corp.. Cash

Question

The following T-account is a summary of the Cash account of Cheyenne Corp.. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments 5,300 Payments for operating expenses Proceeds from sale of equipment 36,500Interest paid Proceeds from issuance of 8,300 220,400 140,300 11,700 8,600 60,100 361,000 Payments for goods 500,500Dividends paid bonds payable Balance, Dec. 31 what amount of net cash provided used by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a-sign eg,-15,000 or in parenthesis e.g. (15,000).) Net cash by financing activities

Explanation / Answer

Proceeds from issuance of bonds payable 500500 Dividends paid -60100 Net cash provided by financing activities 440400

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