What was Rainbow's cash used in investing activities for July? Cash received from...

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Accounting

What was Rainbow's cash used in investing activities for July?
Cash received from customers for services performed $50,000
Cash July 1 $6,000
Cash received from bank loan $24,000
Purchase of equipment ($8,000)
Payment of interest on bank loan ($1,000)
Payment of dividends ($2,000)
Payment of operating expenses ($12,000)
Issue of Rainbow common shares $4,000
Sale of old equipment $3,000
Cash July 31 $64,000
Question 16 options:
$1,000
($2,000)
($8,000)
($5,000)

Answer & Explanation Solved by verified expert
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