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exercise 2 only. 20. Addinanatimestment of owner 21 Purchase of store supplied 22. Withdrawal of owner 23. Payment of employees' salaries 24. Payment of interest

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exercise 2 only.

20. Addinanatimestment of owner 21 Purchase of store supplied 22. Withdrawal of owner 23. Payment of employees' salaries 24. Payment of interest on bank loan 25. Proceeds of hank loan 26. Proceeds from sale of truck 27. Interest income from bank account 28. Payment of government taxes 29. Purchase of company tools 30. Dividend received from stock Investment 20. Addinanatimestment of owner 21 Purchase of store supplied 22. Withdrawal of owner 23. Payment of employees' salaries 24. Payment of interest on bank loan 25. Proceeds of hank loan 26. Proceeds from sale of truck 27. Interest income from bank account 28. Payment of government taxes 29. Purchase of company tools 30. Dividend received from stock Investment 20. Addinanatimestment of owner 21 Purchase of store supplied 22. Withdrawal of owner 23. Payment of employees' salaries 24. Payment of interest on bank loan 25. Proceeds of hank loan 26. Proceeds from sale of truck 27. Interest income from bank account 28. Payment of government taxes 29. Purchase of company tools 30. Dividend received from stock Investment Exercise 2 Determine the net cash flow from operating activities of Launcelot Company for 2017 given the following data. Cash paid to suppliers Cash dividends received Delivery Income receivable Rent income received Cash paid for salaries Collection from customers Proceeds of Bank Loan Cash paid for income tax Cash paid for utilities Interest received from bank deposits Proceeds from sale of equipment Bad debts expense Cash paid for advertising Commission income received Collection of accounts P 39,000 15,500 99,000 87,000 108,000 399,500 500,000 5,000 77,000 3,980 8,000 7,890 35,000 14,000 31,000

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