DATE ............ NO. ...... Statement of Cash Flows Cash Receipt : Cash Sales 90,000 GST receipts on cash sales (90,000 *10%) 9,000 Credit Sates - budget year 15 0, 800 Credit Sales - previous year 11,000 Total Cash Receipts 260,000 Cash Payments Purchases 80,000 GST payments on clash purchases (80000 *10 %) 8,060 wages 110,000 net GST payable to ATO 10,000 Other Payments ( 49000 / 1.1 ) 40,000 Total Cash Payments 248,000 Lash Surplus / (deficit ) 121000 Opening bank balance 30, 200 Closing bank balance 42, 200DATE ............ NO. ...... Statement of Cash Flows Cash Receipt : Cash Sales 90,000 GST receipts on cash sales (90,000 *10%) 9,000 Credit Sates - budget year 15 0, 800 Credit Sales - previous year 11,000 Total Cash Receipts 260,000 Cash Payments Purchases 80,000 GST payments on clash purchases (80000 *10 %) 8,060 wages 110,000 net GST payable to ATO 10,000 Other Payments ( 49000 / 1.1 ) 40,000 Total Cash Payments 248,000 Lash Surplus / (deficit ) 121000 Opening bank balance 30, 200 Closing bank balance 42, 200