The following transactions pertain to 2015, the first-year operations of Bailey

Question

The following transactions pertain to 2015, the first-year operations of Bailey Company. All inventory was started and completed during 2015. Assume that all transactions are cash transactions.

Prepare statement of cash flows:

I keep getting the operating activities wrong. I'm using (5400) for the outflow of inventory, and can't quite get it..

The following transactions pertain to 2015, the first-year operations of Bailey Company. All inventory was started and completed during 2015. Assume that all transactions are cash transactions.

Explanation / Answer

Statement of cash flow cash from operating activities cash from sale (450*17.50) 7875 less: cash paid to suppliers -2,800 cash paid for operations (1900+1300+350+400) -3950 cash from operating activities 1125 cash from investing activities 0 cash from financing activities cash from stock issue 7,000 Cash at year end 8125

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