Prepare SBC’s statement of cash flows for the month ended August 31st, 2020. On August 1st,...

Prepare SBC’s statement of cash flows for the month ended August 31^st, 2020.

On August 1^st, 2020, Strange Brew Coffee (SBC) had a cash balance of $8,000. SBC had the following cash transactions in the month of August:

August 5^th: Customers paid $500 cash for coffee.
August 10^th: SBC paid $1,200 cash owed to their bank (the loan was interest-free).
August 15^th: SBC paid employees $900 cash for work performed.
August 20^th: SBC issued stock to investors for $2,500 cash.
August 25^th: SBC purchased an espresso machine for $3,300 cash.
August 30^th: Customers paid $800 cash for coffee.

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ekkarill92 answered 2 years ago

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