The company was established in 1 January 20X5, the owner's capital consisted of only cash contribution 200000$ and 10000$ by computers. We bought necessary equipment (2 cars each by 6000$). The company hired employees with monthly salary 10000$ including taxes and social payments. There was rented an office with monthly fee 1000$. During a week company purchased goods amounting 60000$. Prior to payment there was found out some damage, and our company claimed for return of 5000$ inventory. Return was accepted and the supplier offered a 10% discount in case the company paid by cash in 5 days. Our company doesn't pay within discounted period. Within a week, we make sales 90000$. The customer pays 45000$ by cash. We offered a customer 10% discount if he pays the rest amount within 3 days by cash and he pays. Depreciation expenses for the end of the month for cars were 2000s, for computers 800$. Company decided to change 1 of the cars for truck and pays on it additionally 1000$. At the end of the month company paid immediately for utility expenses 200$, paid 20% of trade payables. Salaries aren't yet paid out. Ending inventory 2000. Required: Prepare Cash flow statement using Indirect method can you calculate in excel please

The company was established in 1 January 20X5, the owner's capital consisted of only cash contribution 200000$ and 10000$ by computers. We bought necessary equipment (2 cars each by 6000$). The company hired employees with monthly salary 10000$ including taxes and social payments. There was rented an office with monthly fee 1000$. During a week company purchased goods amounting 60000$. Prior to payment there was found out some damage, and our company claimed for return of 5000$ inventory. Return was accepted and the supplier offered a 10% discount in case the company paid by cash in 5 days. Our company doesn't pay within discounted period. Within a week, we make sales 90000$. The customer pays 45000$ by cash. We offered a customer 10% discount if he pays the rest amount within 3 days by cash and he pays. Depreciation expenses for the end of the month for cars were 2000s, for computers 800$. Company decided to change 1 of the cars for truck and pays on it additionally 1000$. At the end of the month company paid immediately for utility expenses 200$, paid 20% of trade payables. Salaries aren't yet paid out. Ending inventory 2000. Required: Prepare Cash flow statement using Indirect method can you calculate in excel please

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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