Q4 – HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. XXXXX Cash receipts from rendering of services Cash payment to suppliers of goods and services Proceeds from bank loan Payment of interest Payment of rent Proceeds from sale of equipment Purchase of equipment Withdrawal of owner Cash at the beginning of the year 1. How much is the cash flow from operating activities? 2. How much is the cash flow from investing activities? 3. How much is the cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is the cash as of December 31, 2019? 6. Prepare the Statement of Cash Flows using direct method 35,000.00 (12,500.00) 12,000.00 ( 5,000.00) |( 8,000.00) 10,000.00 ( 9,500.00) (6,500.00) 25,500.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lopez
General Services
Below
are the cash transactions of Lopez General Services
for December 31, 2019. Answer the questions given
and Prepare
the Statement of Cash Flows using direct method.
Transcribed Image Text:Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. Answer the questions given and Prepare the Statement of Cash Flows using direct method.
Q4 - HW#3 SOLVING THE PROBLEM!
Lopez General Services
Below are the cash transactions of Lopez General Services for December 31, 2019.
XXXXX
Cash receipts from rendering of services
Cash payment to suppliers of goods and services
Proceeds from bank loan
Payment of interest
Payment of rent
Proceeds from sale of equipment
Purchase of equipment
Withdrawal of owner
Cash at the beginning of the year
1. How much is the cash flow from operating activities?
2. How much is the cash flow from investing activities?
3. How much is the cash flow from financing activities?
4. How much is the net increase or decrease in cash for the year?
5. How much is the cash as of December 31, 2019?
6. Prepare the Statement of Cash Flows using direct method
35,000.00
(12,500.00)
12,000.00
( 5,000.00)
( 8,000.00)
10,000.00
( 9,500.00)
(6,500.00)
25,500.00
Transcribed Image Text:Q4 - HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. XXXXX Cash receipts from rendering of services Cash payment to suppliers of goods and services Proceeds from bank loan Payment of interest Payment of rent Proceeds from sale of equipment Purchase of equipment Withdrawal of owner Cash at the beginning of the year 1. How much is the cash flow from operating activities? 2. How much is the cash flow from investing activities? 3. How much is the cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is the cash as of December 31, 2019? 6. Prepare the Statement of Cash Flows using direct method 35,000.00 (12,500.00) 12,000.00 ( 5,000.00) ( 8,000.00) 10,000.00 ( 9,500.00) (6,500.00) 25,500.00
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