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question question 8 the following t account is a summary of the cash account of kemp 4277082

Question

Question 8

The following T-account is a summary of the cash account of Kemper Company.

Cash (Summary Form)

6,790

359,020

216,880

7,730

137,690

40,040

14,740

6,200

399,090

77,930

359,230

What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Cash (Summary Form)

Balance, Jan. 1

6,790

 

 

Receipts from customers

359,020

Payments for goods

216,880

Dividends on stock investments

7,730

Payments for operating expenses

137,690

Proceeds from sale of equipment

40,040

Interest paid

14,740

Proceeds from issuance of

 

Taxes paid

6,200

    bonds payable

399,090

Dividends paid

77,930

Balance, Dec. 31

359,230

 

 

       

 

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