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Problem 4-4A Prepare the statement of cash flows (LO4-7) Below is a summary of all transactions...

Question:

Problem 4-4A Prepare the statement of cash flows (LO4-7) Below is a summary of all transactions of Pixar Toy Manufacturing fo

Problem 4-4A Prepare the statement of cash flows (LO4-7) Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021. $ 92,300 34,800 24,800 Cash Transactions Canh collections from Customers Sale of unused warehouse Bank borrowing Cash payments for: Employee salaries Office rent Manufacturing equipment office utilities Dividends to stockholders Materials to make toys Noncash Transactions Sales to customers on account Purchase of materials on account Purchase equipment with promanory note to pay later (64, 100) (17,800) (43, 600 ) (10,600) (4,300) (26,500) 15,200 12,700 17,300 Required: Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing. and financing activities. The cash balance at the beginning of August is $23,700. (List cash outflows and decrease in cash as negative amounts.) PIXAR TOY MANUFACTURING Statement of Cash Flows For the month ended August 31, 2021 Cash Flows from Operating Activities Cash inflows: Cash outflows: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the month Cash at the end of the month

Answers

Pixar Toy
Statement of Cash Flows (Direct method)
Cash Flows from Operating Activities $ $
Cash inflows:
Collections from Customers    92,300
Cash outflows:
Payments to suppliers -26,500
Payments for salaries -64,100
Office rent -17,800
Office utilities -10,600
Net cash flows from operating activities -26,700
Cash Flows from Investing Activities
Sale of unused warehouse    34,800
Manufacturing equipment -43,600
Net cash flows from investing activities     -8,800
Cash Flows from financing Activities
Bank borrowing    24,800
Dividends to stockholders     -4,300
Net cash flows from financing activities    20,500
Cash at the beginning of the year    23,700
Cash at the end of the year      8,700
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