cremation services was organized on january 1 2004 a summary of cash flows for janua 636935
Cremation Services was organized on January 1, 2004. A summary of cash flows for January is shown below.
|
Cash receipts: |
|
|
Cash received from customers |
$23,500 |
|
Cash received for capital stock |
90,000 |
|
Cash received from note payable |
10,000 |
|
Cash payments: |
|
|
Cash paid out for expenses |
$ 8,350 |
|
Cash paid out for purchase of furnace |
75,000 |
|
Cash paid as dividends |
5,000 |
Prepare a statement of cash flows for the month ended January 31, 2004.