A summary extract from the Cash Book of Kontak Kommunikations Ltd for the year ended 30 June 2010 disclosed: Cash Book Opening balance 41,900 Accounts payable 595,400 Accounts receivable 653,500 Motor vehicles 35,000 Cash sales 301,600 Salaries & wages 322,100 Commission received 18,200 Taxation payable 51,300 Machinery 52,000 Provision for annual leave 5,100 Share capital 250,000 Petty Cash 500 Interest income 4,500 Other operating expenses 69,500 Closing balance 2,500 Deposits at call 50,000 Dividend payable 45,000 Cash purchases 150,300 1,324,200 1,324,200 Additional Information: The petty cash float on 1 July 2009 was $500. There was $75,000 in at call deposits on 1 July 2009. Required: Prepare a cash flow statement for the financial year ended 30 June 2010, including the note required for the reconciliation of cash.
QUESTION 2:
A summary extract from the
|
Cash Book |
|||
|
Opening balance |
41,900 |
Accounts payable |
595,400 |
|
Accounts receivable |
653,500 |
Motor vehicles |
35,000 |
|
Cash sales |
301,600 |
Salaries & wages |
322,100 |
|
Commission received |
18,200 |
|
51,300 |
|
Machinery |
52,000 |
Provision for annual leave |
5,100 |
|
Share capital |
250,000 |
Petty Cash |
500 |
|
Interest income |
4,500 |
Other operating expenses |
69,500 |
|
Closing balance |
2,500 |
Deposits at call |
50,000 |
|
|
|
Dividend payable |
45,000 |
|
|
|
Cash purchases |
150,300 |
|
|
1,324,200 |
|
1,324,200 |
Additional Information:
The petty cash float on 1 July 2009 was $500. There was $75,000 in at call deposits on 1 July 2009.
Required:
Prepare a cash flow statement for the financial year ended 30 June 2010, including the note required for the reconciliation of cash.
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