CashJuly 1 Investment of the owner3 cash sales13 loan15 Collection of accounts20 Purchase returns29 Rental received30 Cash salesP S00,000 July 1 Taxes & Licenses2 Freight on the equipment4 Rent expense7 Cash purchases9 Salaries11 Drawing12 Sales retarns15 Payment of account22 Insurance30 SalariesP 1,0002,0005,00025,00021.00020,0006,00015,0004,00023,00082,000200,00042,0006,0005,00030,0003,00031 Sale of old equipmentHow much is the net cash flow from financing activities?P 500.000P480.000P 700.000P 680.000

Cash Flow Statement is a part of Financial Statements which shows the inflow and outflow of cash…

July 1 Iavestment of the owner 3 cash sales 13 loan 15 Collection of accounts 20 Purchase returns 29 Rental received 30 Cash sales Cash P S00,000 July 1 Taxes & Licenses 82,000 200,000 42,000 6,000 5,000 30,000 3,000 2 Freight on the equipment 4 Rent expense 7 Cash purchases 9 Salaries 11 Drawing 12 Sales returns 15 Payment of account 22 Insurance 30 Salaries P 1,000 2,000 5,000 25,000 21,000 20,000 6,000 15,000 4,000 23,000 31 Sale of old equipment How much is the net casà fow fiom financing activities? P 500.000 P480.000 P 700.000 P680.000

July 1 Iavestment of the owner 3 cash sales 13 loan 15 Collection of accounts 20 Purchase returns 29 Rental received 30 Cash sales Cash P S00,000 July 1 Taxes & Licenses 82,000 200,000 42,000 6,000 5,000 30,000 3,000 2 Freight on the equipment 4 Rent expense 7 Cash purchases 9 Salaries 11 Drawing 12 Sales returns 15 Payment of account 22 Insurance 30 Salaries P 1,000 2,000 5,000 25,000 21,000 20,000 6,000 15,000 4,000 23,000 31 Sale of old equipment How much is the net casà fow fiom financing activities? P 500.000 P480.000 P 700.000 P680.000

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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