Question
Alan wants to prepare a Cash Flow Statement to have a better understanding of his businesss cash flows. Alan has asked you for assistance with
Alan wants to prepare a Cash Flow Statement to have a better understanding of his businesss cash flows. Alan has asked you for assistance with the preparation of the Cash Flow Statement. The information below was provided by Alan for the year ended 30 June 2024:
$ | |
Beginning cash balance as at 1 July 2023 | 20,000 |
Cash paid to repay Credit Union Loan | 55,000 |
Cash injection of Capital by Alan | 50,000 |
Cash paid for Wages | 21,000 |
Cash receipts from customers | 70,000 |
Cash paid to purchase new Equipment | 20,000 |
Interest paid | 15,000 |
Drawings taken for personal use | 10,000 |
Cash received from sale of Machinery | 75,000 |
Revenue from credit sales | 10,000 |
Depreciation expense equipment | 35,000 |
Interest owing for a bank loan (payment due on 5 July 2024) | 14,000 |
Cash paid for inventories | 50,000 |
Prepare a Cash Flow Statement for Alan's Antiques, for the year ended 30 June 2024:
Alan's AntiquesCash Flow Statementfor the year ended 30 June 2024Cash flows from Operating Activities$ Net Cash flows from Operating Activities Cash flows from Investing Activities Net Cash flows from Investing Activities Cash flows from Financing Activities Net Cash flows from Financing Activities Net Increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year
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