Prepare statement of cash flow ItemsCURRENT ASSETSInventoriesAccounts receivableCash at HandCash at BankPrepaid utilitiesTotal Current assetsNON-CURRENT ASSETSFridgeFurnitureUtensilsTotal non-currentassetsTotal assetsEquity and liabilitiesCreditorsUn-earned revenueOwner's capitalAugustTotal equity and liabilities2,780,0002,700,0001,500,0003,000,0005,150,00015,130,000Book value691,6671,283,3331,625,0003,600,00018,730,000Accrued salary payable 500,000Transportation payable 01,000,000800.00010. 410,00013 210.000September2,030,0009738,0009326,0001000,0003,700,00025,794,000691,6671,283,3331,625,0003,600,00029,394,000800,000600,0001,000,000500.000SE LES CO

Cash flow statement: This statement lists every cash inflow and outflow for a specific time period.…

Answered: Items CURRENT ASSETS Inventories…

Business

Accounting

Items CURRENT ASSETS Inventories Accounts receivable August 2, 780,000 2,700,000 September 2,030,000 D

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

Prepare statement of cash flow

Items
CURRENT ASSETS
Inventories
Accounts receivable
Cash at Hand
Cash at Bank
Prepaid utilities
Total Current assets
NON-CURRENT ASSETS
Fridge
Furniture
Utensils
Total non-current
assets
Total assets
Equity and liabilities
Creditors
Un-earned revenue
Owner's capital
August
Total equity and liabilities
2,780,000
2,700,000
1,500,000
3,000,000
5,150,000
15,130,000
Book value
691,667
1,283,333
1,625,000
3,600,000
18,730,000
Accrued salary payable 500,000
Transportation payable 0
1,000,000
800.000
10. 410,000
13 210.000
September
2,030,000
9738,000
9326,000
1000,000
3,700,000
25,794,000
691,667
1,283,333
1,625,000
3,600,000
29,394,000
800,000
600,000
1,000,000
500.000
SE LES CO

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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