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6 The personal training business owned by Deepika Hella made the following cash and non-cash transactions during the month ended 31 May, 2022 (Ignore GST).
6 The personal training business owned by Deepika Hella made the following cash and non-cash transactions during the month ended 31 May, 2022 (Ignore GST). 1. 2. purchased office furniture, $13,200 cash received for services, $26,400 3. paid wages, $5,280 4. paid rent, $8,000 5. cash received for services, $39,600 6. charged depreciation, $400 Required (a) Prepare a fully classified Statement of Cash Flows for the month ended 31 May, 2022. (b) Explain the difference between "Cash" and "Profits". (c) Explain the purpose of the Cash Flow Statement (7+5+2 14 marks)
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