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From the following selected data, compute:

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. The 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.:- M9169987

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