Jackson Company recorded the following cash transactions for the year: Paid $135,000 for…
Jackson Company recorded the following cash transactions for the year:
Paid $135,000 for salaries.
Paid $60,000 to purchase office equipment.
Paid $15,000 for utilities.
Paid $6,000 in dividends.
Collected $225,000 from customers.
What was Jackson’s net cash provided by operating activities?
Cash Flows is the increase or decrease in the cash balance during the period due to operating, investing and financing activities. These is presented in the statement of cash