Cash flows from investing activities and financing activities. The following inf

Question

Cash flows from investing activities and financing activities.

The following information is listed:

[The following information applies to the questions displayed below.]

Sanyu Sony started a new business and completed these transactions during December.

The company paid $950 cash in dividends to the owner (sole shareholder).

Dec. 1 Sanyu Sony transferred $64,800 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. 2 The company rented office space and paid $1,100 cash for the December rent. 3 The company purchased $14,300 of electrical equipment by paying $6,100 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,880 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,200. 18 The company purchased $300 of office supplies on credit. 20 The company paid $2,880 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $6,200 cash for the work completed on December 15. 29 The company paid the assistant’s salary of $1,900 cash for this month. 30 The company paid $590 cash for this month’s utility bill. 31

The company paid $950 cash in dividends to the owner (sole shareholder).

Explanation / Answer

Cash flow from investing activities :

Cash flow from financing activities :

Cash flow from investing activities Purchase elctrical equipment -6100 Purchase office equipment -2880 Net cash flow (used) from investing activities -8980

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