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An analysis of the cash account for Holmes Ltd for the 2013/2014 financial year revealed the following information: Holmes Ltd (a) Cash on hand 1

An analysis of the cash account for Holmes Ltd for the 2013/2014 financial year revealed the following information:

Holmes Ltd

(a) Cash on hand 1 July 2013, $50 000.

(b) Cash receipts:

From issuing short-term debt $15,000

From issuing long-term debt 21,000

From selling land 19,000

From selling equipment 40,000

From issuing preference shares 15,000

From customers 245630

From interest received 10256

(c) Cash payments:

To purchase land 23000

To liquidate long-term debt 25630

To pay dividends 24530

To purchase equipment 34000

To liquidate short-term debt 13000

To pay suppliers and employees 214630

To pay interest 7000

To pay income taxes 30000

(d) Cash on hand 30 June 2014, xxxxxx

Required: Prepare a statement of cash flows for Holmes for the year ended 30 June 2014 in accordance with the requirements of AASB107 and write in question (d) value of cash on hand 30 June 2014 how much?

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