Prepare Statement of Cash flow thank you
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prepare Statement of Cash flow thank you
![Mr. Tristan Siy III established Siy Bookkeeping
Services and had the following transactions for the
month of February:
Investment of P150,000 cash fund by Mr. Siy
4
into the business.
Received a Charge Invoice from a supplier for
the purchase of a desktop computer
17
amounting to P32,500. The computer is
estimated to be useful for five years and have
a salvage value of P2,500 thereafter.
Purchased supplies amounting to P18,000 in
cash.
15 Paid P6,000 insurance for six months.
Issued a Service Invoice for an amount of
18 P50,000 to a customer for services rendered
on account.
Received P35,000 cash from customers in
19
payment of their account.
Paid in cash and received an official receipt
20 from the supplier for payment of accounts,
P20,000.
Rendered services to customers billed for
21
P30,000.
Cash payment of P15,000 for the salary of an
28
|employee.
Mr. Siy withdrew P12,000 cash from the
28
business.
Paid the telephone bill for February
28
amounting to P3,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8145207-4144-4aba-b8f3-73aa41b9e688%2F07d7107d-38ad-4727-9aeb-6339de8ad155%2Fymv34i6o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mr. Tristan Siy III established Siy Bookkeeping
Services and had the following transactions for the
month of February:
Investment of P150,000 cash fund by Mr. Siy
4
into the business.
Received a Charge Invoice from a supplier for
the purchase of a desktop computer
17
amounting to P32,500. The computer is
estimated to be useful for five years and have
a salvage value of P2,500 thereafter.
Purchased supplies amounting to P18,000 in
cash.
15 Paid P6,000 insurance for six months.
Issued a Service Invoice for an amount of
18 P50,000 to a customer for services rendered
on account.
Received P35,000 cash from customers in
19
payment of their account.
Paid in cash and received an official receipt
20 from the supplier for payment of accounts,
P20,000.
Rendered services to customers billed for
21
P30,000.
Cash payment of P15,000 for the salary of an
28
|employee.
Mr. Siy withdrew P12,000 cash from the
28
business.
Paid the telephone bill for February
28
amounting to P3,000.
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