Answered step by step
Verified Expert Solution
Question
1 Approved Answer
is there anything wrong with my cash flow journal and the T-ledger cause the net cash flow should be -9000 with cash o/b 107000 and
is there anything wrong with my cash flow journal and the T-ledger cause the net cash flow should be -9000 with cash o/b 107000 and cash c/b 98000
The following additional information relating to 2021 is provided: - All sales of inventory, provision of installation and of services were on credit, and all purchases of inventory were made using credit. - PPE was sold during 2021 for $54,000 cash. - No assets were revalued during the year Data file for Part 3 - MYOB assessment \begin{tabular}{lr|lr} \multicolumn{3}{c}{ Accounts Receivable } \\ \hline 0/b & 140.000 & ADV & 28,500 \\ sales & 430,080 & cash & 369,560 \\ cavers & & & \\ & & \\ \hlinec/b & 180,000 & \end{tabular} Sale of PPE \begin{tabular}{lc} \hline Dr Cash & 54,000 \\ Dr Acc-Dep-DPE & 4,000 \\ Dr Loss on sale of PPE & 10,000 \\ Cr PPE & 68,000 \end{tabular} Retainad. orefits Cash flow from Investing activities CashreceivedfromsabeofPPEPagmentforPPE54,000(36,000)(50,000) 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