Finding the The cash balance at the end of the year.
Cash Flow Computations
From the following selected data, compute:
The cash balance at the end of the year.
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Cash receipts from:
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Customers
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$270,000
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Investments by owners
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$54,000
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Sale of building
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$90,000
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Proceeds from bank loan
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$60,000
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$474,000
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Cash payments for:
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Wages
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$82,000
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Utilities
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$3,000
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Advertising
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$4,000
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Rent
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$36,000
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Taxes
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$67,000
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Dividends
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$20,000
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860
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Repayment of principal on loan
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$40,000
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Purchase of land
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$106,000
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$358,000
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Cash balance at beginning of year
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$386,000
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