ACCOUNT Date Description 4 7 8 12 15 19 Initial Investment Purchase of Service Vehicle Payment of freight on purchase Advance payment for advertisement Payment of freight on sales Payment of salaries Borrowings from bank Payment of accounts payable Cash purchase of merchandise 110 PR GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ2 GJ2 GJ2 CASH 150000 0 Debit 0 0 0 0 30000 0 0 Credit 0 25000 1600 6000 1200 0 5600 5700 44000 Balance Debit 150000 125000 123400 117400 116200 110600 140600 134900 90900 Credit 0 0 0 0 0 0 0 0 ?

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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Question
Give the statement of cashflow
ACCOUNT
Date Description
4
4
7
8
12
Initial Investment
Purchase of Service Vehicle
Payment of freight on purchase
Advance payment for advertisement
Payment of freight on sales
Payment of salaries
Borrowings from bank
Payment of accounts payable
Cash purchase of merchandise
110
PR
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ2
GJ2
GJ2
CASH
150000
10
0
Debit
0
0
0
30000
0
0
Credit
0
25000
1600
6000
1200
5600
0
5700
44000
Balance
Debit
150000
125000
123400
117400
116200
110600
140600
134900
90900
Credit
0
0
0
0
0
0
0
0
0
?
Transcribed Image Text:ACCOUNT Date Description 4 4 7 8 12 Initial Investment Purchase of Service Vehicle Payment of freight on purchase Advance payment for advertisement Payment of freight on sales Payment of salaries Borrowings from bank Payment of accounts payable Cash purchase of merchandise 110 PR GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ2 GJ2 GJ2 CASH 150000 10 0 Debit 0 0 0 30000 0 0 Credit 0 25000 1600 6000 1200 5600 0 5700 44000 Balance Debit 150000 125000 123400 117400 116200 110600 140600 134900 90900 Credit 0 0 0 0 0 0 0 0 0 ?
20
24
25
26
27
28
29
30
Collection from credit customer
Payment of telephone bill
Payment of rent for the month
Payment of account
Sales
Withdrawals
Payment of miscellaneous expense
Payment of monthly installment
Payment of salaries
GJ2
GJ2
GJ2
GIZ
G12
612
GU2
GIZ
37730
0
0
0
58450
0
10
0
O
9
1600
4800
43650
O
20000
3430
8500
5100
128630
127030
122230
78580
113600
105100
100000
O
0
0
0
0
0
0
0
0
?
12:59 PM
Transcribed Image Text:20 24 25 26 27 28 29 30 Collection from credit customer Payment of telephone bill Payment of rent for the month Payment of account Sales Withdrawals Payment of miscellaneous expense Payment of monthly installment Payment of salaries GJ2 GJ2 GJ2 GIZ G12 612 GU2 GIZ 37730 0 0 0 58450 0 10 0 O 9 1600 4800 43650 O 20000 3430 8500 5100 128630 127030 122230 78580 113600 105100 100000 O 0 0 0 0 0 0 0 0 ? 12:59 PM
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