Problem: Prepare and Compute for statement of Cash Flows The following data are taken from the records of Butt I Que for the year 2018. Legal fees received from clients Depreciation expense Proceeds of bank loans Cash purchase of land Provision for bad debts Additional investment of Atty. Que Partial payment of bank loan Commission income receivable Research Income received Taxes and licences Payable Operating expense Collection of accounts Interest on Bank loan paid Proceeds from sale of Equipment Php 408,000 70,000 504,000 1,100,000 18,000 300,000 200,000 23,000 32,000 7,240 360,000 600,000 94,000 860,000 Cash balance on January 1,2018is Php 200,000
Problem: Prepare and Compute for statement of Cash Flows The following data are taken from the records of Butt I Que for the year 2018. Legal fees received from clients Depreciation expense Proceeds of bank loans Cash purchase of land Provision for bad debts Additional investment of Atty. Que Partial payment of bank loan Commission income receivable Research Income received Taxes and licences Payable Operating expense Collection of accounts Interest on Bank loan paid Proceeds from sale of Equipment Php 408,000 70,000 504,000 1,100,000 18,000 300,000 200,000 23,000 32,000 7,240 360,000 600,000 94,000 860,000 Cash balance on January 1,2018is Php 200,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem: Prepare and Compute for statement of
Cash Flows.
(Please refer to the picture)
Transcribed Image Text:da.
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Problem: Prepare and Compute for statement of
Cash Flows
The following data are taken from the records of Butt I Que for the year 2018.
Legal fees received from clients
Depreciation expense
Proceeds of bank loans
Cash purchase of land
Provision for bad debts
Php 408,000
70,000
504,000
1,100,000
18,000
300,000
200,000
23,000
32,000
7,240
360,000
600,000
94,000
860,000
Additional investment of Atty. Que
Partial payment of bank loan
Commission income receivable
Research Income received
Taxes and licences Payable
Operating expense
Collection of accounts
Interest on Bank loan paid
Proceeds from sale of Equipment
Cash balance on January 1,2018 is
Php 200,000
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