Question hoist inc was organized on march 1 2007 a summary, Ask an Expert

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Question: Hoist Inc. was organized on March 1, 2007. A summary of cash flows for March is shown below.

Cash receipts:

- Cash received from customers $ 37,600

- Cash received for capital stock 144,000

- Cash received from note payable 16,000

- Cash payments: Cash paid out for expenses $ 13,360

- Cash paid out for purchase of equipment 120,000

- Cash paid as dividends 8,000

- Prepare a statement of cash flows for the month ended March 31, 2007.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92334936

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