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26 May, 19:42

Accounts Amounts Cash received from sale of products to customers $ 31,000 Cash received from the bank for long-term loan 36,000 Cash paid to purchase factory equipment (41,000) Cash paid to merchandise suppliers (10,200) Cash received from the sale of an unused warehouse 11,200 Cash paid to workers (22,200) Cash paid for advertisement (2,200) Cash received for sale of services to customers 21,000 Cash paid for dividends to stockholders (4,200) Assume the balance of cash at the beginning of the period is $3,200. Required: 1. Calculate the ending balance of cash.

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  1. 26 May, 19:52
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    Ending cash balance : 22,600

    Explanation:

    operating activities:

    collection from products 31,000

    collection from services 21,000

    merchandise suppliers (10,200)

    wages paid (22,200)

    advertisement paid (2,200)

    generated from operating activities 17,400

    financing activities:

    loan from the bank 36,000

    dividends paid (4,200)

    cash generated from financing activities 31,800

    investing activities:

    sale of warehouse 11,200

    purchase of equipment (41,000)

    cash used in investing activities (29,800)

    cash generated for the period 19,400

    beginning cash balance 3,200

    Ending cash balance 22,600
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