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Accounting

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Cash balance, December 1, 2016 is $18,600 Transactions Dec. 1 Common stock was issued to stockholders for $8,100 cash. 7 7 Purchased equipment for $1,800 on account 14 Paid $20,100 cash for land. 17 Paid cash expenses: office rent, $1,500; employees' salaries, $1,500; utilities, $100. 23 Paid cash dividends of $2,300. 26 Earned service revenue for the month, $5,100, receiving cash. 5100 Payments -1500 -1500 -100 - 1800 Net cash provided (used) by operatives Cash flows from inting activities 20100 Net cash provided (used) by investing activities -20100 Cash flows from franchitati of common 8100 Panelitahidends --2300 Net cash provided (used) by financing activities Net increase (decrease in cash Cash balance, December 1, 2016 Cash balance, December 31, 2016

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