The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during P100,000 the year Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The transactions pertaining to Cash were taken from the
books of ABC Company for the year 2021:
Additional cash investment by the owner during
P100,000
the year
Cash collections from account customers
175,000
Cash paid to purchase equipment
450,000
Cash paid to employees for their salaries
30,000
Cash paid for utilities expense
25,000
Cash received from cash customers
205,000
Cash withdrawals made by the owner
75,000
Proceeds from the sale of an old furniture
40,000
Cash payments for rent
120,000
Payment of other operating expenses
80,000
Proceeds from bank loan
289,500
At the end of the previous year, the entity had P32,500 cash
balance.
How much is the net cash flows from operating activities?
Transcribed Image Text:The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during P100,000 the year Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities?
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