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Print 10. Wake Up Food Equipment Company had the following transactions for the month ending January...

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Print 10. Wake Up Food Equipment Company had the following transactions for the month ending January 31, 2018 Wake Ups cash12: More Info Print Jan. 1 Common stock was issued to stockholders for $11.000 cash. 7 Purchased equipment for $2,800 on acco

Print 10. Wake Up Food Equipment Company had the following transactions for the month ending January 31, 2018 Wake Up's cash balance on January 1, 2018, was $14,800. (Click the icon to view the transactions.) Prepare the statement of cash flows of Wake Up Food Equipment Company for the month ended January 31, 2018. Complete the statement one section at a time, beginning with the heading and cash flows from operating activities. (If a box is not used in the table leave the box empty; do not select a label or enter a zero. Use a minus sign or parentheses for amounts that result in a decrease in cash.) Cash flows from operating activities: Receipts: (4) Payments: (6) (7) Net cash provided (used) by operating activities Cash flows from investing activities: (10) Net cash provided (used) by investing activities Cash flows from financing activities: (12) (13) Net cash provided (used) by financing activities Net increase (decrease) in cash Cash balance, January 1, 2018 Cash balance, January 31, 2018
12: More Info Print Jan. 1 Common stock was issued to stockholders for $11.000 cash. 7 Purchased equipment for $2,800 on account. 14 Paid $24,000 cash for land. 17 Paid cash expenses: employees' salaries, $700; office rent, $1,700; utilities, $250. 23 Paid cash dividends of $2,000. 26 Eamed service revenue for the month, $6,000, receiving cash. (1) O Wake Up Food Equipment Company O Balance Sheet Income Statement Statement of Retained Earnings Statement of Cash Flows January 31, 2018 Month Ended January 31, 2018 (2) O O Wake Up Food Equipment Company O Balance Sheet Income Statement O Statement of Retained Earnings Statement of Cash Flows January 31, 2018 O Month Ended January 31, 2018 (3) O o Wake Up Food Equipment Company O Balance Sheet Income Statement Statement of Retained Earnings Statement of Cash Flows January 31, 2018 O Month Ended January 31, 2018 (4) O O Acquisition of equipment O Acquisition of land O Collections from customers Issuance of common stock Payment of cash dividends To employees to suppliers (5) O O Acquisition of equipment O Acquisition of land O Collections from customers Issuance of common stock Payment of cash dividends To employees to suppliers (6) O Acquisition of equipment Acquisition of land O Collections from customers Issuance of common stock Payment of cash dividends To employees to suppliers (7) O Acquisition of equipment Acquisition of land O Collections from customers Issuance of common stock Payment of cash dividends To employees to suppliers Tom O Payment of cash dividends O Payment of cash dividends (8) O O Acquisition of equipment O Acquisition of land O Collections from customers For rent For salaries For utilities Issuance of common stock (9) O O Acquisition of equipment O Acquisition of land O Collections from customers For rent For salaries For utilities Issuance of common stock O O Payment of cash dividends O Payment of cash dividends (10) O O Acquisition of equipment O Acquisition of land O Collections from customers O For rent For salaries O For utilities Issuance of common stock (11) O O Acquisition of equipment Acquisition of land O Collections from customers O For rent For salaries For utilities Issuance of common stock (12) O Payment of cash dividends O Payment of cash dividends O Acquisition of equipment Acquisition of land O Collections from customers O For rent For salaries O For utilities Issuance of common stock (13) O O Acquisition of equipment O Acquisition of land O Collections from customers O For rent For salaries O For utilities Issuance of common stock

Answers

Wake up Food Equipment Company
Statement of Cash Flows
Month Ended January 31, 2018
Cash Flow from Operating Activities
Receipts
Collections from Customers $            6,000
Payments
For Salaries $             (700)
For Office Rent $         (1,700)
For Utilities $             (250)
Net Cash from Operating Activities $                      3,350
Cash flow from Investing Activities
Acquisition of Equipment $                   -  
Acquisition of Land $       (24,000)
Net cash from investing activities $                 (24,000)
Cash flow from Financing Activities
Issuance of Common Stock $         11,000
Payment of Cash Dividends $         (2,000)
Net cash used in financing activities $                      9,000
Increase in Cash $                 (11,650)
Opening Balance of Cash $                   14,800
Closing Balance of Cash $                      3,150
.

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