Jet Styling Has the Following Beginning Cash Balance and Cash

question 113

Essay

Jet Styling has the following beginning cash balance and cash transactions for the month of January. Using this information prepare a statement of cash flows.
$\begin{array}{|l|l|l|}\text { a. } & \text { Beginning cash balance } & \$ 3,200 \\\hline \text { b. } & \text { Cash investment by owner } & 15,000 \\\hline \text { c. } & \text { Cash payment toward long-term loan } & 1,000 \\\hline \text { d. } & \text { Cash payment of rent } & 1,800 \\\hline \text { e. } & \text { Purchased equipment for cash } & 7,500 \\\hline \text { f. } & \text { Purchased store supplies for cash } & 1,500 \\\hline \text { g. } & \text { Cash collected from customers } & 7,750 \\\hline \text { h. } & \text { Cash withdrawal by owner } & 2,000 \\\hline \text { i. } & \text { Cash payment of wages } & 4,000\end{array}$

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Definitions:

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