Sanyu Sony started a new business and completed these transactions during Decemb

Question

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

Dec. 1 Sanyu Sony transferred $68,600 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 $1,700 cash for the December rent. 3 The company purchased $13,100 of electrical equipment by paying $4,900 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,700 cash for these services. 8 The company purchased $2,820 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,400. 18 The company purchased $410 of office supplies on credit. 20 The company paid $2,820 cash for the office equipment purchased on December 8. 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days. 28 The company received $5,400 cash for the work completed on December 15. 29 The company paid the assistant’s salary of $1,300 cash for this month. 30 The company paid $580 cash for this month’s utility bill. 31 The company paid $990 cash in dividends to the owner (sole shareholder).

Prepare a statement of cash flows for the current month. t View History Bookmarks Window Help Homework Saved ?? 0 Required information Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities st2 Cash flows from investing activities Cash flows from financing activities

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Statement of Cash Flow Cash flows from operating activities: Cash received from customers 1700+5400 7100 Cash paid for rent -1700 Cash paid for supplies -900 Cash paid for utilities -580 Cash paid to employee -1300 Net Cash provided by operating activities 2620 Cash flows from investing activities: Purchase of office equipment -2820 Purchase of electrical equipment -4900 Net Cash used by inesting activities -7720 Cash flows from financin activities: Investment by stockholder 68600 Dividends to stockholder -990 Net Cash provided by financing activities 67610 Net Increase in cash 62510 Cash Balance, beginning Cash Balance, ending 62510

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