Cash from November sale( $340,000*80%)=$272,000
Cash Flow Statement
For the month ended November 30
Cash from Operating Activities:
Cash from Accounts receivable $70,000
Cash from November sale 272,000
Cash payment of Accounts payable ( 254,000)
Cash payment of monthly expenses ( 24,000)
Net cash provided by operating activities $ 79,000
Add beginning cash balance 20,000
Ending cash balance for November $ 99,000
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