The following transactions apply to Springfield Consulting Services in 2012:
1.issued stock to investors,$40,000
2.borrowed cash from bank,$10,000
3.purchased land for cash,$12,000
4.provided services to customers for cash,$60,000
5.paid $8,000 for rent
6.paid $35,000 for salaries
7.paid $2,000 for supplies used during the year
8.paid $5,000 dividends to owners
9.repaid $4,000 of loan described in item 2
Required:
Prepare a statement of cash flows for 2012.The company started operations on January 1,2012.

Question

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The Answer of The following transactions apply to Springfield Consulting Services in 2012:
1.issued stock to investors,$40,000
2.borrowed cash from bank,$10,000
3.purchased land for cash,$12,000
4.provided services to customers for cash,$60,000
5.paid $8,000 for rent
6.paid $35,000 for salaries
7.paid $2,000 for supplies used during the year
8.paid $5,000 dividends to owners
9.repaid $4,000 of loan described in item 2
Required:
Prepare a statement of cash flows for 2012.The company started operations on January 1,2012.

The Following Transactions Apply to Springfield Consulting Services in 2012