the following t account is a summary of the cash account of holmes company 535369
The following T account is a summary of the cash account of Holmes Company.
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the following t account is a summary of the cash account of holmes company 535369
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|
Cash (Summary Form) |
|||
|
Balance, Jan. 1 |
8,000 |
||
|
Receipts from customers |
364,000 |
Payments for goods |
200,000 |
|
Dividends on stock investments |
6,000 |
Payments for operating expenses |
140,000 |
|
Proceeds from sale of equipment |
36,000 |
Interest paid |
10,000 |
|
Proceeds from issuance of |
Taxes paid |
8,000 |
|
|
bonds payable |
300,000 |
Dividends paid |
40,000 |
|
Balance, Dec. 31 |
316,000 |
||
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?
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