Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock $129,000 Sell inventory to customers 147,920 Issue notes payable 91,160 Sell land 168,560 Earn interest on investments 3,440 Sell patent 104,920 Outflows: Purchase equipment $309,600 Purchase inventory 65,360 Purchase treasury stock 68,800 Repay notes payable 51,600 Pay salaries 67,080 Pay dividends 25,800 Beginning cash $91,160 Required:1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) 2. What is the revised ending cash balance?

Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock $129,000 Sell inventory to customers 147,920 Issue notes payable 91,160 Sell land 168,560 Earn interest on investments 3,440 Sell patent 104,920 Outflows: Purchase equipment $309,600 Purchase inventory 65,360 Purchase treasury stock 68,800 Repay notes payable 51,600 Pay salaries 67,080 Pay dividends 25,800 Beginning cash $91,160 Required:1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) 2. What is the revised ending cash balance?

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter20: Accounting For Inventory

Section20.1: Determining The Quantity Of Merchandise Inventory

Problem 1OYO

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Inflows:
Issue common stock	$129,000
Sell inventory to customers	147,920
Issue notes payable	91,160
Sell land	168,560
Earn interest on investments	3,440
Sell patent	104,920

Outflows:
Purchase equipment	$309,600
Purchase inventory	65,360
Purchase treasury stock	68,800
Repay notes payable	51,600
Pay salaries	67,080
Pay dividends	25,800
Beginning cash	$91,160

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