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CASH FLOW The following are the transactions of Junior Repair Service Business for the month of January 2021. January 1 - Mr. Junior invested $500,000

CASH FLOW

The following are the transactions of Junior Repair Service Business for the month of January 2021.

January 1 - Mr. Junior invested $500,000 cash to start his Repair Service Business.
January 2 - Purchased tables and chairs from Tesco on account, $4,000.
January 3 - Bought in cash supplies worth $7,500 from Walmart.
January 4 - Rendered service to cash customers, $4,000.
January 5 - Borrowed money from Bank of America $25,000 for additional capital and issued a promissory note.
January 6 - Billed a customer $2,500 for services rendered.
January 7 - Paid partial payment to Tesco, $2,000.
January 8 - Paid rent for the month, $2,000.
January 9 - Mr. Junior invested additional capital to his business, $20,000
January 15 - Collected cash from charged customers from January 6.
January 17 - Withdrew $1,500 for personal use.
January 20 - Paid Tesco in full.
January 23 - Purchased equipment from EZ Mart on account, $5,300.
January 25 - Sold equipment in cash to Mr. Senior, $2,000.
January 29 - Paid Bank of America partial amount of $10.000.
January 31 - Paid utilities due for the month amounting to $7,500.

Required: Prepare Statement of Cash Flow for the month ended January 31, 2021.

Use the template below.

image text in transcribed

Please help. Thank you! Statement of Cash Flow Statement For the month ended Cash Flow from Operating Activities: Inflow: Less: Outflow Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Inflow: Less: Outflow Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Inflow: Less: Outflow Net Cash Flow from Financing Activities Cash at the end of the Period

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