ACTIVITY 2.The Cash Account of XYZ Company has a beginning balance Of Php 129,937.50. Its year end balance stands at Php 254,925.00 The table below show the summarized transactions from the cash account of XYZ Company.Required:1.Prepare the operating section of XYZ's Statement of Cash Flows.2. Prepare the investing section of XYZ's Statement of Cash Flows3. Prepare the financing section of XYZ's Statement of Cash Flows4. Is XYZ's Statement of Cash Flows reconciled with the balance of the cash account as of the end of theyear. Show your computation. Purchase EquipmentSale of delivery equipment(motorcycle)Proceeds from sale of computer equipment253,000.006,875.0042,762.50Withdrawals of owners229,350.00Proceeds from bank loan82,500.00Contributions of owners137,500.008,085.00Interest paidRequired:1.Prepare the operating section of XYZ's Statement of Cash Flows.2. Prepare the investing section of XYZ's Statement of Cash Flows3. Prepare the financing section of XYZ's Statement of Cash Flows4. Is XYZ's Statement of Cash Flows reconciled with the balance of the cash account as of the end of theyear. Show your computation. ACTIVITY 2.The Cash Account of XYZ Company has a beginning balance Of Php 129,937.50. Its year end balancestands at Php 254,925.00 The table below show the summarized transactions from the cash account ofXYZ Company.Php 725,175.00300,574.5058,850.00Cash received from customerPayments to supplierPayments for other operating expense19,992.50Salaries Paid

The cash flow statement is prepared to record the cash flow from various activities of the business.

Answered: ACTIVITY 2. The Cash Account of XYZ…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PA: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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ACTIVITY 2. The Cash Account of XYZ Company has a beginning balance Of Php 129,937.50. Its year end balance stands at Php 254,925.00 The table below show the summarized transactions from the cash account of XYZ Company. Required: 1.Prepare the operating section of XYZ's Statement of Cash Flows. 2. Prepare the investing section of XYZ's Statement of Cash Flows 3. Prepare the financing section of XYZ's Statement of Cash Flows 4. Is XYZ's Statement of Cash Flows reconciled with the balance of the cash account as of the end of the year. Show your computation.

Purchase Equipment
Sale of delivery equipment(motorcycle)
Proceeds from sale of computer equipment
253,000.00
6,875.00
42,762.50
Withdrawals of owners
229,350.00
Proceeds from bank loan
82,500.00
Contributions of owners
137,500.00
8,085.00
Interest paid
Required:
1.Prepare the operating section of XYZ's Statement of Cash Flows.
2. Prepare the investing section of XYZ's Statement of Cash Flows
3. Prepare the financing section of XYZ's Statement of Cash Flows
4. Is XYZ's Statement of Cash Flows reconciled with the balance of the cash account as of the end of the
year. Show your computation.

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