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During 2013, Saranac Company Earned $12,000 of Cash Revenue and Paid

Question 146

Essay

During 2013, Saranac Company earned $12,000 of cash revenue and paid $8,200 of cash expenses and $600 in dividends to the company's owners. Enter each of these three events into the horizontal financial statements model, below. Indicate dollar amounts of increases and decreases. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA). During 2013, Saranac Company earned $12,000 of cash revenue and paid $8,200 of cash expenses and $600 in dividends to the company's owners. Enter each of these three events into the horizontal financial statements model, below. Indicate dollar amounts of increases and decreases. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA).

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