CashP S00,000 July 1 Taxes & Licenses82,000200,00042,0006,0005,00030,0003,000July 1 Investment of the owner3 cash sales13 loan2 Freight on the equipment4 Rent expense7 Cash purchases9 Salaries11 Drawing12 Sales returnsP 1,0002,0005,00025,00021,00020,0006,00015,0004,00023,00015 Collection of accounts20 Purchase returns29 Rental received30 Cash sales31 Sale of old equipment15 Payment of account22 Insurance30 SalariesHow much is the net casà flow from investing activities?(P 1,000)Ob(P 2.000)P 1,000P 2,000

The cash flow from investing activities includes the cash flow due to sale or purchase of non cash…

July 1 Investment 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 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 15 Payment of account 22 Insurance 30 Salaries How much is the net casà flow from investing activities?

July 1 Investment 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 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 15 Payment of account 22 Insurance 30 Salaries How much is the net casà flow from investing activities?

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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Concept explainers

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

Question

Cash
P S00,000 July 1 Taxes & Licenses
82,000
200,000
42,000
6,000
5,000
30,000
3,000
July 1 Investment of the owner
3 cash sales
13 loan
2 Freight on the equipment
4 Rent expense
7 Cash purchases
9 Salaries
11 Drawing
12 Sales returns
P 1,000
2,000
5,000
25,000
21,000
20,000
6,000
15,000
4,000
23,000
15 Collection of accounts
20 Purchase returns
29 Rental received
30 Cash sales
31 Sale of old equipment
15 Payment of account
22 Insurance
30 Salaries
How much is the net casà flow from investing activities?
(P 1,000)
Ob
(P 2.000)
P 1,000
P 2,000

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