What does a business owner do when the cash balance approaches zero and there are bills to be paid? (Hint: look at the financing activities of the Cash Flow Statement and then look at the Retained Earnings statement)

What does a business owner do when there is an accumulation of cash in the checking account? (Hint: look at the investing activities of the Cash Flow Statement)

  1. 👍 0
  2. 👎 0
  3. 👁 89

Respond to this Question

First Name

Your Response

Similar Questions

  1. preparing t- accounts and trail balance

    can someone help me use the information in exercise 2-4 to prepare an august 31 trial balance of the owner invested 7,500 cash and 32500 of photographyequipment in the business. Paid 3,000 cash for an insurance policy covering the

    asked by Kathy on August 10, 2008
  2. accounting

    Presented below are three business transactions. For each transaction indicate whether there is an Increase, a Decrease or No Effect on the assets, the liabilities and the owner's equity. Assets Liabilities Owner's Equity (a)

    asked by apryl on October 6, 2011
  3. Business, finance

    Assets and Liabilities. 1. The owner invested 36000 in cash to begin the business 2. paid 9,180 in cash for the purchase of equipment 3. purchased additional equipment for 5600 4. paid 4500 in cash to creditors 5. the owners made

    asked by vane on September 12, 2012

    Prepare a bank reconciliation - Ending Cash balance per bank P 18,972.67 - Ending Cash balance per book P 16,697.76 - Deposit in transit P 3,251.42 - Bank Service Charge P 20.00 - Outstanding Checks P 4,163.51 - Note Collected by

    asked by Minnie on October 17, 2017
  5. accounting

    I have answer a hypothetical situation question as to what advice I would give to a business owner whose business in growing on how to make her accounting work more efficient. She manually enters in cash sales daily, makes

    asked by sylvia on September 26, 2010
  6. Accounting

    First, you have to categorize each transaction as financial, operating, or investment. THEN, determine if the total assets increases, decreases, or stays the same. THEN, determine if the total income decreases, increases, or stays

    asked by Char on August 25, 2016
  7. Anonymous

    For Pose for Pics, prepare journal entries, T-accounts and a trial balance Pose for Pics Preparing journal entries and trial balances Exercise 2-4 Prepare general journal entries for the following transaction of a new business

    asked by hello on May 30, 2008
  8. intermediate algebra

    A total of 26 bills are in a cash box. Some of the bills are one-dollar bills, and the rest are five-dollar bills. The total amount of cash in the box is $50. Find the number of each type of bill in the cash box.

    asked by Denise on September 27, 2007
  9. Question about Cash Flow Statement

    I had to work on the income statement, the balance sheet and the statement of Owner's equity. Now I am on the statement of cash flow. The first thing I have to imput is Cash flows from Operating activities. Where I need to input

    asked by Heidi on November 15, 2007
  10. Accounts

    The financial statement that shows business results in terms of revenue and expenses is __________. an income statement a balance sheet a statement of owner's equity the statement of cash flows Answer A

    asked by Angela on August 10, 2018

More Similar Questions