Fast-Forward Has the Following Beginning Cash Balance and Cash Transactions

question 52

Essay

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

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Definitions:

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An opioid drug derived from morphine, highly addictive, and used illicitly for its euphoric effects.

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A powerful opioid analgesic drug derived from the opium poppy, used to relieve severe pain.

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A psychological or physical inability to stop consuming a chemical, drug, activity, or substance, even though it is causing psychological and physical harm.