THE STATEMENT OF CASH FLOWS Blue Springs Ltd has provided you with the following figures in respect of the year to 30 June 2021. Cash sales during the year 1,657,000 Dividend paid during the year 120,000 Bank account 1 July 2020 83,500 Interest paid in Income Statement 38,500 Vehicle purchased during the year for cash 45,500 Capital notes issued in March 2021 500,000 Payments to suppliers 873,000 Payments to employees 650,500 Receipts from customers 1,847,600 Operating expenses paid during year 658,700 Required: Prepare the Cash Flow Statement as at 30 June 2021.
THE STATEMENT OF CASH FLOWS Blue Springs Ltd has provided you with the following figures in respect of the year to 30 June 2021. Cash sales during the year 1,657,000 Dividend paid during the year 120,000 Bank account 1 July 2020 83,500 Interest paid in Income Statement 38,500 Vehicle purchased during the year for cash 45,500 Capital notes issued in March 2021 500,000 Payments to suppliers 873,000 Payments to employees 650,500 Receipts from customers 1,847,600 Operating expenses paid during year 658,700 Required: Prepare the Cash Flow Statement as at 30 June 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
THE STATEMENT OF
Blue Springs Ltd has provided you with the following figures in respect of the year to 30 June 2021.
|
Cash sales during the year |
1,657,000 |
|
Dividend paid during the year |
120,000 |
|
Bank account 1 July 2020 |
83,500 |
|
Interest paid in Income Statement |
38,500 |
|
Vehicle purchased during the year for cash |
45,500 |
|
Capital notes issued in March 2021 |
500,000 |
|
Payments to suppliers |
873,000 |
|
Payments to employees |
650,500 |
|
Receipts from customers |
1,847,600 |
|
Operating expenses paid during year |
658,700 |
Required:
Prepare the Cash Flow Statement as at 30 June 2021.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education