finding the net increase decrease in cash during


Finding the Net increase (decrease) in cash during the year.

Cash Flow Computations
From the following selected data, compute:
Net increase (decrease) in cash during the year.

Cash receipts from:

 

 

 

Customers

$270,000

 

 

Investments by owners

$54,000

 

 

Sale of building

$90,000

 

 

Proceeds from bank loan

$60,000

$474,000

 

Cash payments for:

 

 

 

Wages

$82,000

 

 

Utilities

$3,000

 

 

Advertising

$4,000

 

 

Rent

$36,000

 

 

Taxes

$67,000

 

 

Dividends

$20,000

 

860

Repayment of principal on loan

$40,000

 

 

Purchase of land

$106,000

$358,000

 

Cash balance at beginning of year

$386,000

 

 

 

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Financial Accounting: finding the net increase decrease in cash during
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