Cougar Tree Services reports the following amounts on December 31, 2024. Assets Cash Supplies Prepaid insurance Building

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Cougar Tree Services Reports The Following Amounts On December 31 2024 Assets Cash Supplies Prepaid Insurance Building 1 (53.73 KiB) Viewed 11 times

Cougar Tree Services reports the following amounts on December 31, 2024. Assets Cash Supplies Prepaid insurance Building Cash Inflows Customers Borrow from the bank (note) Sale of investments $8,400 2,500 4,200 79,000 Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. Liabilities and Stockholders' Equity In addition, the company reported the following cash flows. Accounts payable Salaries payable Notes payable Common stock Retained earnings Cash Outflows $74,000 Employee salaries 27,000 Supplies 20,500 Dividends Purchase building $29,000 11,000 10,000 76,000 $11,800 4,200 27,000 40,000 11,100
Cash Flows from Operating Activities From Customers For Salaries For Supplies COUGAR TREE SERVICES Statement of Cash Flows For the year ended December 31, 2024 Net Cash Flows from Operating Activities Cash Flows from Investing Activities Sale of Investments Purchase Building Net cash flows used in investing activities Borrow from Bank Pay Dividends Cash Flows from Financing Activities Net Increase in Cash Net Cash Flows from Financing Activities Cash at the Beginning of the Year Cash at the End of the Year $ 74,000 (29,000) (11,000) 20,500 (76,000) 27,000 (10,000) $ 34,000 (55,500) 17,000 (4,500) -4,500