The following T-account is a summary of the Cash account of Pharoah Company. Cash (Summary Form) Balance, Jan. 1 8,500 Receipts from customers 362,500 | Payments for goods 255,900 Dividends on stock...


The following T-account is a summary of the Cash account of Pharoah Company.<br>Cash (Summary Form)<br>Balance, Jan. 1<br>8,500<br>Receipts from customers<br>362,500 | Payments for goods<br>255,900<br>Dividends on stock investments<br>6,800 | Payments for operating expenses 140,600<br>Proceeds from sale of equipment<br>36,400 | Interest paid<br>11,700<br>Proceeds from issuance of bonds payable 499,400 | Taxes paid<br>7,200<br>Dividends paid<br>59,900<br>Balance, Dec. 31<br>438,300<br>What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount<br>that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)<br>Net cash<br>* by financing activities<br>$<br>

Extracted text: The following T-account is a summary of the Cash account of Pharoah Company. Cash (Summary Form) Balance, Jan. 1 8,500 Receipts from customers 362,500 | Payments for goods 255,900 Dividends on stock investments 6,800 | Payments for operating expenses 140,600 Proceeds from sale of equipment 36,400 | Interest paid 11,700 Proceeds from issuance of bonds payable 499,400 | Taxes paid 7,200 Dividends paid 59,900 Balance, Dec. 31 438,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash * by financing activities $

Jun 11, 2022
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