value: 10.00 points Below is a summary of all transactions of Pixar Toy Manufact

Question

value: 10.00 points Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2015, Cash Transactions Cash collections from : Customers Sale of unused warehouse Bank borrowing Cash payments for Employee salaries Office rent Manufacturing equipment Office utilities Dividends to stockholders Materials to make toys Noncash Transactions Sales to customers on account Purchase of materials on account Purchase equipment with promissory note to pay later $ 92,200 34,700 24,700 ET BE PETF (64000) (17,700) (43, 400) (10,500) (4 100) in (26 400 ) 15, 100 12 600 17, 200 Required; Prepare a statement of cash flows for the month of August 2015. properly classifying each of the transactions into operating investing , and financing activities. The cash balance at the beginning of August is $23,300. (List cash outflows and decrease in cash as negative amounts.

Explanation / Answer

Solution:

Pixar Toy Manufacturing Co.

Statement of Cash Flow

For the month ended Aug 31, 2015

Cash flows from operating activities Cash inflows: Customers $92,200 Cash Outflows Employee salaries (64,000) Office rent (17,700) Office utilities (10,500) Materials for toys (26,400) Net Cash flows from operating activities (26,400) Cash flows from investing activities Sale of unused warehouse $34,700 Manufacturing equipment (43,400) (8,700) Net cash flows from investing activities Cash flows from financing activities Dividend paid (4,100) Bank borrowing $24,700 Net cash flows from financing activities 20,600 (14,500) Cash at the beginning of the month 23,300 Cash at the end of the month 8,800

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