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FastForward Has the Following Beginning Cash Balance and Cash Transactions

Question 236

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FastForward has the following beginning cash balance and cash transactions for the month of January.Using this information,prepare a statement of cash flows.
 a.  Beginning cash balance $3,200 b.  Cash investment by stockholders 15,000 c.  Cash payment toward long-term loan 1,000 d.  Cash payment of rent 1,800 e.  Purchased equipment for cash 7,500 f.  Purchased store supplies for cash 1,500 g.  Cash collected from customers 7,750 h.  Cash dividends paid 2,000 i.  Cash payment of wages 4,000\begin{array}{|l|l|r|}\hline \text { a. } & \text { Beginning cash balance } & \$ 3,200 \\\hline \text { b. } & \text { Cash investment by stockholders } & 15,000 \\\hline \text { c. } & \text { Cash payment toward long-term loan } & 1,000 \\\hline \text { d. } & \text { Cash payment of rent } & 1,800 \\\hline \text { e. } & \text { Purchased equipment for cash } & 7,500 \\\hline \text { f. } & \text { Purchased store supplies for cash } & 1,500 \\\hline \text { g. } & \text { Cash collected from customers } & 7,750 \\\hline \text { h. } & \text { Cash dividends paid } & 2,000 \\\hline \text { i. } & \text { Cash payment of wages } & 4,000\\\hline\end{array}

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