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How much is the net cash flows from operating activities?

How much is the net cash flows from operating activities?

FINANCIAL ACCOUNTING
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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Please answer the question correctly. Thank you. They are in the same question.
The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during the year P100,000 Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500
Transcribed Image Text:The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during the year P100,000 Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500
Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities?
Transcribed Image Text:Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities?
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