Answered step by step
Verified Expert Solution
Question
1 Approved Answer
eceipts$Members subscriptions41,000Bar sales88,400Donations and sponsorships3,200Payments$Bar expenses1,500Bar purchases42,000Bar equipment10,000Wages - bar15,400Salaries - administration45,000Printing and stationary3,400Postage1,300Bank interest800Rent on premises12,000Cleaning900Light and power2,600Document title:FNSACC414_AE_Sk2of3Page 12 of 26Resource ID:SEMX_22_003_FNSACC414_AE_Sk2of3Version:20230301 Additional
eceipts$Members subscriptions41,000Bar sales88,400Donations and sponsorships3,200Payments$Bar expenses1,500Bar purchases42,000Bar equipment10,000Wages - bar15,400Salaries - administration45,000Printing and stationary3,400Postage1,300Bank interest800Rent on premises12,000Cleaning900Light and power2,600Document title:FNSACC414_AE_Sk2of3Page 12 of 26Resource ID:SEMX_22_003_FNSACC414_AE_Sk2of3Version:20230301 Additional Information for the year ended 31 December 2022:Table 9 - Additional financial informationBalances as at:1/1/202231/12/2022Bank account12,30010,000Subscriptions in advance$4,500$5,000Subscriptions in arrears$600$900Bar inventory on hand$5,000$4,500Bar equipment$20,000$30,000Accumulated depreciation$3,000$9,000 prepare cash flow statement
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started