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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