Question - Prepare Cash Flow Statement.
Company began cash balance with 13000.
1) Shareholder Contributed 7000 in Cash
2) Services Performed, Received 4000 in Cash and 1000 as receivable
3) Incurred Expenses of 4000, Paid 3000 in cash and 1000 is still payable
4) Purchase Machinery for 10000. Paid 3000 in Cash and signed long term payable for the remainder amount
5) Paid Shareholders dividend of 1500.