anuary 1, 20XA P120,000 1/15 Cash from cash sales P1,000 2/02 Payment to supplies P22,000 2/18 Collection of Accounts Receivable P20,000 3/16 Payment of utility bills P7,890 3/28 Cash from cash sales P1,500 4/15 Payment to employees P35,000 5/20 Collection of Accounts Receivable P34,000 6/01 Acquisition of computers P60,000 6/17 Cash from cash sales P5,600 7/01 Rent payments P25,000 7/17 Additional contribution from owner P75,000 8/03 Payment to suppliers P16,700 9/01 Proceeds from bank borrowing P150,000 10/15 Collection of Accounts Receivable P13,000 11/21 Collection of Accounts Receivable P44,600 12/31 Loan Payment P18,760 12/31 Interest payment P7,500 12/31 Owner’s drawings P4,000 Requirements: Prepare the Statement of Cash Flows using the above information. Create your own headings
Problem 1: Cash
January 1, 20XA P120,000
1/15 Cash from cash sales P1,000
2/02 Payment to supplies P22,000
2/18 Collection of
3/16 Payment of utility bills P7,890
3/28 Cash from cash sales P1,500
4/15 Payment to employees P35,000
5/20 Collection of Accounts Receivable P34,000
6/01 Acquisition of computers P60,000
6/17 Cash from cash sales P5,600
7/01 Rent payments P25,000
7/17 Additional contribution from owner P75,000
8/03 Payment to suppliers P16,700
9/01 Proceeds from bank borrowing P150,000
10/15 Collection of Accounts Receivable P13,000
11/21 Collection of Accounts Receivable P44,600
12/31 Loan Payment P18,760
12/31 Interest payment P7,500
12/31 Owner’s drawings P4,000
Requirements: Prepare the Statement of Cash Flows using the above information. Create your own headings.
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