Eduardo inc was organized on july 1 2009 a summary ofcash


Eduardo Inc. was organized on July 1, 2009. A summary ofcash flows for July follows.

Cash receipts:

               Cash received fromcustomers                          $169,200

               Cash received for capitalstock                           648,000

               Cash received from notepayable                          72,000

Cash payments:

               Cash paid out forexpenses                                $ 60,120                                              

               Cash paid out for purchase ofequipment             540,000

               Cash paid asdividends                                           36,000

Prepare a statement of cash flow for the month ended July 31,2009.

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Accounting Basics: Eduardo inc was organized on july 1 2009 a summary ofcash
Reference No:- TGS0596436

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