Q4 – HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. XXXXX Cash receipts from rendering of services Cash payment to suppliers of goods and services Proceeds from bank loan Payment of interest Payment of rent Proceeds from sale of equipment Purchase of equipment Withdrawal of owner Cash at the beginning of the year 1. How much is the cash flow from operating activities? 2. How much is the cash flow from investing activities? 3. How much is the cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is the cash as of December 31, 2019? 6. Prepare the Statement of Cash Flows using direct method 35,000.00 (12,500.00) 12,000.00 ( 5,000.00) |( 8,000.00) 10,000.00 ( 9,500.00) (6,500.00) 25,500.00

Q4 – HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez General Services for December 31, 2019. XXXXX Cash receipts from rendering of services Cash payment to suppliers of goods and services Proceeds from bank loan Payment of interest Payment of rent Proceeds from sale of equipment Purchase of equipment Withdrawal of owner Cash at the beginning of the year 1. How much is the cash flow from operating activities? 2. How much is the cash flow from investing activities? 3. How much is the cash flow from financing activities? 4. How much is the net increase or decrease in cash for the year? 5. How much is the cash as of December 31, 2019? 6. Prepare the Statement of Cash Flows using direct method 35,000.00 (12,500.00) 12,000.00 ( 5,000.00) |( 8,000.00) 10,000.00 ( 9,500.00) (6,500.00) 25,500.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 11PA: Use the following excerpts from Tungsten Companys financial information to prepare a statement of...

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