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The Following Transactions are from Juan to Go Sales. Prepare a statement of Cash flows for the Year Ended December 31, 2019 *Cash Balance on January 1, 2019 was P50,000 Transactions Additional investment of Mr. Juan P200,000 5,000 120,000 Accounts Receivable Purchased transportation equipment Paid loan to Philippine Bank Cash sales 30,000 50,000 3,000 23,000 8,000 2,000 Bad Debts Paid rent for the month Paid utilities for the month Purchased office supplies Paid insurance for the year Cash withdrawal of Mr. Juan 20,000 15,000 65,000 15,000 5,000 2,500 Paid employees' salaries Sold Furniture Paid Taxes Dividends Received Purchased Inventory on Credit Paid Supplier cash 7,000 12,500

The Following Transactions are from Juan to Go Sales. Prepare a statement of Cash flows for the Year Ended December 31, 2019 *Cash Balance on January 1, 2019 was P50,000 Transactions Additional investment of Mr. Juan P200,000 5,000 120,000 Accounts Receivable Purchased transportation equipment Paid loan to Philippine Bank Cash sales 30,000 50,000 3,000 23,000 8,000 2,000 Bad Debts Paid rent for the month Paid utilities for the month Purchased office supplies Paid insurance for the year Cash withdrawal of Mr. Juan 20,000 15,000 65,000 15,000 5,000 2,500 Paid employees' salaries Sold Furniture Paid Taxes Dividends Received Purchased Inventory on Credit Paid Supplier cash 7,000 12,500

FINANCIAL ACCOUNTING
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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The Following Transactions are from Juan to Go Sales. Prepare a statement of Cash flows for the Year Ended December 31, 2019 *Cash Balance on January 1, 2019 was P50,000 Transactions Additional investment of Mr. Juan Accounts Receivable P200,000 5,000 120,000 Purchased transportation equipment Paid loan to Philippine Bank Cash sales 30,000 50,000 3,000 23,000 8,000 Bad Debts Paid rent for the month Paid utilities for the month Purchased office supplies Paid insurance for the year 2,000 20,000 Cash withdrawal of Mr. Juan 15,000 Paid employees' salaries Sold Furniture Paid Taxes 65,000 15,000 5,000 2,500 Dividends Received Purchased Inventory on Credit Paid Supplier cash 7,000 12,500
Transcribed Image Text:The Following Transactions are from Juan to Go Sales. Prepare a statement of Cash flows for the Year Ended December 31, 2019 *Cash Balance on January 1, 2019 was P50,000 Transactions Additional investment of Mr. Juan Accounts Receivable P200,000 5,000 120,000 Purchased transportation equipment Paid loan to Philippine Bank Cash sales 30,000 50,000 3,000 23,000 8,000 Bad Debts Paid rent for the month Paid utilities for the month Purchased office supplies Paid insurance for the year 2,000 20,000 Cash withdrawal of Mr. Juan 15,000 Paid employees' salaries Sold Furniture Paid Taxes 65,000 15,000 5,000 2,500 Dividends Received Purchased Inventory on Credit Paid Supplier cash 7,000 12,500
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