Preparing a Statement of Cash Flows During January, The College Shop had the following cash flows:
|
Cash paid for merchandise |
$4,000 |
|
Cash paid for rent |
5,300 |
|
Cash received from sales to customers |
13,000 |
|
Cash paid for utilities |
200 |
|
Cash received from owners |
9,000 |
|
Cash paid for equipment |
7,000 |
|
Cash paid for insurance |
2,500 |
|
Cash received from a bank loan |
10,500 |
|
Cash paid for wages |
1,200 |
The beginning cash balance was $4,000.
Required Prepare a statement of cash flows for The College Shop.