+ Statement of Cash Flows 2 months ended 31 August 2022 Cash flows from operating activities Receipts from customers (inc. GST) Payments for inventory (inc. GST) Payments for expenses Net cash from operating activities Cash flows from investing activities $ $ 69,248.00 -25,205.40 -8,001.50 36,041.10 Payments for furniture -1,800.00 Payments for software -900.00 GST paid on purchases of non-current assets -160.00 Net cash from investing activities -2,860.00 Cash flows from financing activities Capital invested by partners Payments for drawings 41,000.00 -5,500.00 Net cash from financing activities 35,500.00 Change in cash balance 68,681.10 Add: Cash at the start of the period 29,231.20 Cash at the end of the period 97,912.30

+ Statement of Cash Flows 2 months ended 31 August 2022 Cash flows from operating activities Receipts from customers (inc. GST) Payments for inventory (inc. GST) Payments for expenses Net cash from operating activities Cash flows from investing activities $ $ 69,248.00 -25,205.40 -8,001.50 36,041.10 Payments for furniture -1,800.00 Payments for software -900.00 GST paid on purchases of non-current assets -160.00 Net cash from investing activities -2,860.00 Cash flows from financing activities Capital invested by partners Payments for drawings 41,000.00 -5,500.00 Net cash from financing activities 35,500.00 Change in cash balance 68,681.10 Add: Cash at the start of the period 29,231.20 Cash at the end of the period 97,912.30

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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