Below is a summary of all the transactions of Sampson Consulting for the month of...
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Accounting
Below is a summary of all the transactions of Sampson Consulting for the month of April 2021.
| Cash Transactions | |||
| Cash collections from: | |||
| Customers | $ | 52,200 | |
| Sale of unused office furniture | 11,300 | ||
| Borrowing from the bank | 63,000 | ||
| Cash payments for: | |||
| Employee salaries | (22,200 | ) | |
| Office building | (74,500 | ) | |
| Utilities expense | (2,100 | ) | |
| Office supplies | (1,900 | ) | |
| Dividends to stockholders | (5,000 | ) | |
| Advertising expense | (9,200 | ) | |
| Noncash Transactions | |||
| Services to customers on account | 11,400 | ||
| Purchase supplies on account | 5,800 | ||
| Issue note payable for equipment | 23,400 | ||
Prepare a statement of cash flows for the month of April, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of April is $15,300. (Amounts to be deducted and cash outflows should be indicated with a minus sign.)
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