1. Brain Company provided the following: cash account beginning balance is P162,552.50. Below is a list of summarized transactions of Brain Company: Cash received from customers 725,175.00 300,547.50 Payments to suppliers Payments for operating expenses Salaries paid Purchase equipment Sale of delivery equipment (motorcycle) Proceeds from sale of computer equipment Withdrawals of owners 58,850.00 19,992.50 253,000.00 6,875.00 42,762.50 229,350.00 Proceeds from bank loan 82,500.00 Contributions of owners 137,500.00 Interest paid 8,085.00 Required: a. Compute for the net cash flow from operating activities. b. Compute for the net cash flow from investing activities. c. Compute for the net cash flow from financing activities.
1. Brain Company provided the following: cash account beginning balance is P162,552.50. Below is a list of summarized transactions of Brain Company: Cash received from customers 725,175.00 300,547.50 Payments to suppliers Payments for operating expenses Salaries paid Purchase equipment Sale of delivery equipment (motorcycle) Proceeds from sale of computer equipment Withdrawals of owners 58,850.00 19,992.50 253,000.00 6,875.00 42,762.50 229,350.00 Proceeds from bank loan 82,500.00 Contributions of owners 137,500.00 Interest paid 8,085.00 Required: a. Compute for the net cash flow from operating activities. b. Compute for the net cash flow from investing activities. c. Compute for the net cash flow from financing activities.
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 21E
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