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T U V w AB C D E F G H K L M N O P O R S 1 EZ CASH FLOW 2. CASH ACCOUNTS PAYABLE JOHNSON CAPITAL CASH 82,000 3 F 100.000 20.000 1 10,000 100,000 ACCTSRECL 15,000 4 O 15.000 10.000 O 3,000 EQUIP 20,000 5 3,000 F 10.000 97000 ACC DEPR 1,000 6 82000 ACCTSPAY 10,000 7 EXPENSES REVENUE J CAP 97,000 8 ACCOUNTS RECEIVABLE CLOSING: 20,000 30,000 REV 30,000 9 15.000 REVENUE 30,000 EXP 20,000 10 EXPENSES 20.000 20.000 30.000 DEPR EXP 1,000 11 15 000 DEPR EXPENSE 1.000 138,000 138,000 12 CAPITAL 9,000 PRECIATION EXPENSE 13 EQUIPMENT 1,000 14 20,000 Note enter the drawing as a debit 15 to the capital account 1.000 16 20.000 17 There are three types of cash flows 18 ACCUM. DEPR EQ. 1 OPERATING: cash flows from revenues and expenses 19 1,000 2 INVESTINIG cash flows from purchasing or selling assets 20 3 FINANCING cash flows from owner's investment or withdrawals. 21 1.000 22 CASH FLOW STATEMENT 23 TRANSACTIONS--Using your pencil, write each debit and credit into the T-accounts above. Cash Flows from Operations 24 1 Sally Johnson invested $100.000 in her business, Sally's Consulting Net Income 9.000 Enter the net income here. 25 2 Sally purchased equipment for $20,000. paying cash + Depreciation Expense 1000 Enter the depreciation expense 26 3 Sally earned revenue of $30.000, one-half in cash, one-half on account - Increase in Accounts Receivabl -15.000 Enter A/R balance and make it negative 27 4 Sally incurred $20,000 of expenses, she paid one-half in cash, the rest + Increase in Accounts Payable 10.000 Enter Accounts Payable balance 28 was on account Net Cash from Operations 5,000 Add 29 5 Depreciation is $1,000 on the Equipment 30 6 Move the net income to the Capital account Cash Flows from Investing 31 7 Sally withdrew $3,000 from the business Purchase of Equipment -20.000 Enter Equipment balance, make it negative 32 33 Cash Flows from Financing 34 -IRSUM(A101 DR>SUM(A101 CRISUMA101 DR)-SUMA101 CR) Investment by Owner 100,000 Enter Johnson's investment Inithdrawal hawar EZ CASH FLOW + =