A summary of cash flows for Evelyn's Event Planning for the year ended December 31 is shown below. Cash receipts:
$\begin{array}{lr}
\text { Cash received from customers } & \$ 57,360 \
\text { Cash received from bank loan } & 15,000
\end{array}$ ? $\begin{array}{lr}
\text { Cash payments: }\
\text { Cash paid for oper ating expenses } & \$ 12,120 \
\text { Cash paid for equipment } & 18,070 \
\text { Cash paid for party supplies } & 9,480 \
\text { Dividends } & 12,000\
\
\text { The cash balance as of January } 1&\$15,580
\end{array}$ ?
Prepare a statement of cash flows for Evelyn's Event Planning for the year ended December 31.

Question

A summary of cash flows for Evelyn's Event Planning for the year ended December 31 is shown below. Cash receipts:
$\begin{array}{lr}
\text { Cash received from customers } & \$ 57,360 \
\text { Cash received from bank loan } & 15,000
\end{array}$  ? $\begin{array}{lr}
\text { Cash payments: }\
\text { Cash paid for oper ating expenses } & \$ 12,120 \
\text { Cash paid for equipment } & 18,070 \
\text { Cash paid for party supplies } & 9,480 \
\text { Dividends } & 12,000\
\
\text { The cash balance as of January } 1&\$15,580
\end{array}$ ?
Prepare a statement of cash flows for Evelyn's Event Planning for the year ended December 31.

Quizplus · Accepted Answer

The Answer of A summary of cash flows for Evelyn's Event Planning for the year ended December 31 is shown below. Cash receipts:
$\begin{array}{lr}
\text { Cash received from customers } & \$ 57,360 \
\text { Cash received from bank loan } & 15,000
\end{array}$  ? $\begin{array}{lr}
\text { Cash payments: }\
\text { Cash paid for oper ating expenses } & \$ 12,120 \
\text { Cash paid for equipment } & 18,070 \
\text { Cash paid for party supplies } & 9,480 \
\text { Dividends } & 12,000\
\
\text { The cash balance as of January } 1&\$15,580
\end{array}$ ?
Prepare a statement of cash flows for Evelyn's Event Planning for the year ended December 31.

A Summary of Cash Flows for Evelyn's Event Planning for the Year