The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during P100,000 the year Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities?

The transactions pertaining to Cash were taken from the books of ABC Company for the year 2021: Additional cash investment by the owner during P100,000 the year Cash collections from account customers 175,000 Cash paid to purchase equipment 450,000 Cash paid to employees for their salaries 30,000 Cash paid for utilities expense 25,000 Cash received from cash customers 205,000 Cash withdrawals made by the owner 75,000 Proceeds from the sale of an old furniture 40,000 Cash payments for rent 120,000 Payment of other operating expenses 80,000 Proceeds from bank loan 289,500 At the end of the previous year, the entity had P32,500 cash balance. How much is the net cash flows from operating activities?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 1P: Mahoney Company has the following financial statements for 2017 and 2018. Assume that the purchase...

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