ACCOUNT Date Description 4 7 8 12 15 19 Initial Investment Purchase of Service Vehicle Payment of freight on purchase Advance payment for advertisement Payment of freight on sales Payment of salaries Borrowings from bank Payment of accounts payable Cash purchase of merchandise 110 PR GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ2 GJ2 GJ2 CASH 150000 0 Debit 0 0 0 0 30000 0 0 Credit 0 25000 1600 6000 1200 0 5600 5700 44000 Balance Debit 150000 125000 123400 117400 116200 110600 140600 134900 90900 Credit 0 0 0 0 0 0 0 0 ?

ACCOUNT Date Description 4 7 8 12 15 19 Initial Investment Purchase of Service Vehicle Payment of freight on purchase Advance payment for advertisement Payment of freight on sales Payment of salaries Borrowings from bank Payment of accounts payable Cash purchase of merchandise 110 PR GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ2 GJ2 GJ2 CASH 150000 0 Debit 0 0 0 0 30000 0 0 Credit 0 25000 1600 6000 1200 0 5600 5700 44000 Balance Debit 150000 125000 123400 117400 116200 110600 140600 134900 90900 Credit 0 0 0 0 0 0 0 0 ?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MCQ: Which of the following would be classified as a cash outflow from an operating activity? a. Purchase...

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