Question
Corporation X just opened business on Jan 1 2021 by a contribution in cash from its shareholders, which was entirely paid of 3,000$. X receives
Corporation X just opened business on Jan 1 2021 by a contribution in cash from its shareholders, which was entirely paid of 3,000$.
X receives a bank loan on Jan 2 - for 2,000$.
It repays by the end of the year 250$ on the bank loan.
Interest on the bank loan has accrued by year end for 10$, but it is not paid by the end of the year.
On Nov. 8 X buys merchandise, for cash, for 700$.
X sells on account all the merchandise on hand for 1,000$, on Nov. 10.
X also purchases for cash a telephone, for 500$, on Nov. 11.
X accountant depreciates the telephone by the year end for 50$.
X sells the telephone , on 30Jan 2021, for 475$, in cash.
Calculate:
- total cash flows from operating activities
- total cadh flow from financing activities
- total cash flow from investing activities
- total net cash flow
- payments to the suppliers
- the cash that appears on the Balance Sheet
- proceeds from capital increase
- the accural of interest
- bank loans repaid
- payments to suppliers of proprety, plant and equipment
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