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Q1) From the given selected data, find out:

1. Net cash flow provided (used) by operating activities.

2. Net cash flow provided (used) by investing activities.

3. Net cash flow provided (used) by financing activities.

4. Net increase (decrease) in cash during the year.

5. Cash balance at the end of the year.

 Cash receipts from: Â
 Customers $270,000
 Investments by owners 54,000
 Sale of building 90,000
 Proceeds from bank loan 60,000
Cash payments for: Â
 Wages  
 Utilities 3,000
 Advertising 4,000
 Rent 36,000
 Taxes 67,000
 Dividends 20,000
 Repayment of principal on loan 40,000
 Purchase of land 106,000
 Cash balance at beginning of year $386,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M919706

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