Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Im attempting to create a cash flow statements for the following figures, to double check if my calculations are right can someone figure them out

Im attempting to create a cash flow statements for the following figures, to double check if my calculations are right can someone figure them out using T-accounts, the operating, investing and finacial activities of the following info, thanks.

image text in transcribed

image text in transcribed

ADDITIONAL INFO

PP&E costing 141,000 was purchased for cash during year PP&E costing 36,000 was sold during year other expenses include 35,500 dep'n exp on PP&E

Pharmacy Adelaide Ltd Comparative Statements of Financial Position as at 30 June 2019 ASSETS 2018 2019 Cash at Bank Accounts Receivable Consultation Service Receivable Inventory Prepaid Insurance Land Property, Plant and Equipment Accumulated Depreciation PP&E $ 33,400 37,000 1,000 102,650 9,500 107,000 205,000 (40,000) 455,550 $ 25,000 61,060 2,000 121,900 6,500 84,500 310,000 (46,500) 564,460 ABILITIES AND EQUITY Accounts Payable Interest Payable Income Tax Payable Other Expenses Payable Debentures Payable Share Capital Retained Earnings $ 48,280 18,800 1,000 13,500 246,870 78,100 49,000 $ 62,700 12,500 2,000 15,000 275,000 135,600 61,660 455 550S564.460

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Credentialing Audits Tools For Compliance And Reduced Liability

Authors: CPMSM Vicki L. Searcy

1st Edition

1578398584, 978-1578398584

More Books

Students also viewed these Accounting questions