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Jet Styling Has the Following Beginning Cash Balance and Cash  Beginning cash balance ................... $3,200\begin{array}{lr}\text { Beginning cash balance ................... } & \$ 3,200 \\\end{array}

Question 300

Essay

Jet Styling 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\begin{array}{lr}\text { Beginning cash balance ................... } & \$ 3,200 \\\end{array}
b.  Cash received from stock issuance.... 15,000\begin{array}{lr}\text { Cash received from stock issuance.... } & 15,000 \\\end{array}
c.  Cash payment toward long-term loan 1,000\begin{array}{lr}\text { Cash payment toward long-term loan } & 1,000 \\\end{array}
d.  Cash payment of rent ....................... 1,800\begin{array}{lr}\text { Cash payment of rent ....................... } & 1,800 \\\end{array}
e.  Purchased equipment for cash .......... 7,500\begin{array}{lr}\text { Purchased equipment for cash .......... } & 7,500 \\\end{array}
f.  Purchased store supplies for cash ...... 1,500\begin{array}{lr}\text { Purchased store supplies for cash ...... } & 1,500 \\\end{array}
g.  Cash collected from customers ......... 7,750\begin{array}{lr}\text { Cash collected from customers ......... } & 7,750 \\\end{array}
h.  Cash dividends paid ......................... 2,000\begin{array}{lr}\text { Cash dividends paid ......................... } & 2,000 \\\end{array}
i.  Cash payment of wages .................... 4,000\begin{array}{lr}\text { Cash payment of wages .................... } & 4,000\end{array}

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