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.
$\begin{array}{|l|l|l|}\text { a. } & \text { Beginning cash balance } & \$ 3,200 \\\hline \text { b. } & \text { Cash investment by owner } & 15,000 \\\hline \text { c. } & \text { Cash payment toward long-term loan } & 1,000 \\\hline \text { d. } & \text { Cash payment of rent } & 1,800 \\\hline \text { e. } & \text { Purchased equipment for cash } & 7,500 \\\hline \text { f. } & \text { Purchased store supplies for cash } & 1,500 \\\hline \text { g. } & \text { Cash collected from customers } & 7,750 \\\hline \text { h. } & \text { Cash withdrawal by owner } & 2,000 \\\hline \text { i. } & \text { Cash payment of wages } & 4,000\end{array}$

---

Definitions:

Open-Door Policy

A policy of settling grievances that identifies various levels of management above the immediate supervisor for employee contact.

Grievances

Complaints or dissatisfaction that employees express about their work conditions, treatment by supervisors, or other work-related issues.

Legally Questionable

Describes actions or practices that may not conform to legal standards or may be on the edge of legal acceptability.

Disciplinary Model

A framework used to understand and address behavior deemed inappropriate or unacceptable in a particular context, usually involving corrective action.