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A summary of cash flows for Evelyn's Event Planning for the year ended December 31 is as follows: Cash receipts: Cash received from customers $57,360 Cash received from bank loan 15,000 Cash payments : Cash paid for expenses and supplies $ 21,600 Cash paid for equipment 18,070 Cash paid to owner for personal use 12,000 Cash balance as of January 1 $ 15,580
A summary of cash flows for Evelyn's Event Planning for the year ended December 31 is as follows: Cash receipts: Cash received from customers $57,360 Cash received from bank loan 15,000 Cash payments : Cash paid for expenses and supplies $ 21,600 Cash paid for equipment 18,070 Cash paid to owner for personal use 12,000 Cash balance as of January 1 $ 15,580
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