On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period: Cash received from customers P 104,000| Cash received from sale of equipment 15,600| Purchase of equipment for cash 13,000 |Additional cash investment of owner 24,000 Cash paid for bank loan 9,000| Cash received for sale of long-term investments 12,000 Payment for operating expenses 71,500 Note issued for acquisition of company vehicle 6,500 How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if it's used in investing activities.

On January 1, 2021, FDN Company has a cash balance of P43,600. The following financial information are taken from its books on December 31, 2021, end of the accounting period: Cash received from customers P 104,000| Cash received from sale of equipment 15,600| Purchase of equipment for cash 13,000 |Additional cash investment of owner 24,000 Cash paid for bank loan 9,000| Cash received for sale of long-term investments 12,000 Payment for operating expenses 71,500 Note issued for acquisition of company vehicle 6,500 How much was the net cash flow provided by (used in) investing activities? Enter as a negative amount if it's used in 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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A Company provided the following account balances on December 31, 2021:Accounts receivable P1,300,000 Allowance for bad debts 500,000 Financial assets at fair value through profit or loss400,000 Financial assets at amortized cost/held to maturity 1,100,000 Cash in bank, net of bank overdraft of P200,000 maintained in the same bank 900,000 Petty cash 10,000 Inventory (including inventory out on consignment amounting P50,000) 200,000 Equipment and furniture 1,300,000 Accumulated depreciation 1,100,000 Patent 300,000 Prepaid expenses 200,000 **Determine total amount of (5) current assets and (6) non-current assets on December 31, 2021.
Required Information [The following Information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks Includes the following account balances: Accounts Cash Debit. Credit Accounts Receivable Allowance for Uncollectible Accounts $ 27,100 50,200 $ 6,200 Inventory 22,000 Land 66,000 Equipment 25,000 Accumulated Depreciation 3,500 Accounts Payable 30,500 Notes Payable (6%, due April 1, 2022) 70,000 Common Stock 55,000 Retained Earnings 25,100 Totals $190,300 $190,300 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $12,000. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $167,000. January 15 Firework sales for the first half of the month total $155,000. All of these sales are on account. The cost of the units sold is $83,800. January 23 Receive $127,400 from customers on accounts receivable. January 25 Pay $110,000 to…
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