THE STATEMENT OF CASH FLOWS Blue Springs Ltd has provided you with the following figures in respect of the year to 30 June 2021. Cash sales during the year1,657,000Dividend paid during the year120,000Bank account 1 July 202083,500Interest paid in Income Statement38,500Vehicle purchased during the year for cash45,500Capital notes issued in March 2021500,000Payments to suppliers873,000Payments to employees650,500Receipts from customers1,847,600Operating expenses paid during year658,700 Required:Prepare the Cash Flow Statement as at 30 June 2021.

Cash flow statement helps new investors or stakeholders to determine the net position of cash in the…

Answered: THE STATEMENT OF CASH FLOWS…

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 44E

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THE STATEMENT OF CASH FLOWS

Blue Springs Ltd has provided you with the following figures in respect of the year to 30 June 2021.

Cash sales during the year	1,657,000
Dividend paid during the year	120,000
Bank account 1 July 2020	83,500
Interest paid in Income Statement	38,500
Vehicle purchased during the year for cash	45,500
Capital notes issued in March 2021	500,000
Payments to suppliers	873,000
Payments to employees	650,500
Receipts from customers	1,847,600
Operating expenses paid during year	658,700

Required:

Prepare the Cash Flow Statement as at 30 June 2021.

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