Prapare the statamant of cash flows of Charnak Coffee Roasters Corp., for the mo

Question

Prapare the statamant of cash flows of Charnak Coffee Roasters Corp., for the month anded August 31, 2015. Explain the relationship among the income statamant, statement of ratained earnings, balance sheat, and statamant of cash fows Pre?? e the statement of cash no "0" in the appropriate cell.) s Begin by completing the heed Then complete the est of the statement. Use pare theses or a minus sign o show cash payments cash out ows and or a net decrease in cash. For accounts with a so balance make sure to enter Chernak Coffee Roasters Corp. Statement of Cash Flows For the Month Ended August 31, 2015 Data Table Cash flows from operating activities: Payments of cash: 209 200 Cash balance, August 1, 2015 Acquisition of equipment Dividend:s Adjustments to reconcile net income to net cash provided by (used for) operating aotivities 2.000 Cash balance, August 31, 2015 Cash receipts ssuance (sala) of stock to owners Rent expense 5,400 net cash provided by (used for) operating activities Retained earnings Cash flows from investing activities 30,100 1,800 30.100 200,200 7.500 8,000 271,000 August 1, 2015 Retained earnings Net cash provided by (usad for) investing activities Cash flows firom financing activities August 31. 2015 183.100 Common stock Utilities expense 8,000 Equiponent Adjustments to reconcile net income Offce supplies 400 Accounts payable 78.100 Service revenue to ne: cash provided by operations Net cash provided by (used for) financing acivities Net increase (decrease) n oash Cash balance. August 1, 2015 Cash balance. August 31. 2015 Salary axpense Print Done

Explanation / Answer

Chemak coffee Roasters Corp. Statement of Cash flows For the Month Ended August 31,2015 Cash flows from operating activiites: Net income          1,85,100 Adjustments to reconcile net income to net cash provided by (used for) operating activities                1,400 Net cash provided by (used for) operating activities          1,86,500 Cash flow from Investing activities: Purchase of Equipment        -2,09,200 Net cash provided by (used for) investing activities        -2,09,200 Cash flows from Financing financing activities: Cash received on issue of common stock              30,100 Dividends Paid              -2,000 Net cash provided by(used for ) financing activities              28,100 Net increase (decrease) in cash                5,400 Cash balance August 1, 2015                       -   Cash balance August 31, 2015                5,400

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