1. Brain Company provided the following: cash account beginning balance is P162,552.50. Belowis a list of summarized transactions of Brain Company:Cash received from customers725,175.00Payments to suppliersPayments for operating expensesSalaries paidPurchase equipmentSale of delivery equipment (motorcycle)Proceeds from sale of computer equipment300,547.5058,850.0019,992.50253,000.006,875.0042,762.50Withdrawals of owners229,350.00Proceeds from bank loan82,500.00Contributions of owners137,500.00Interest paid8,085.00Required:a. Compute for the net cash flow from operating activities.b. Compute for the net cash flow from investing activities.c. Compute for the net cash flow from financing activities.d. How much is the net cash flow for the period?c. How much is the cash balance at the end of the period?

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Answered: 1. Brain Company provided the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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