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Market to Plate Vegies sells a wide range of vegetables through credit sales at wholesale markets and cash sales from their own store. They have

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Market to Plate Vegies sells a wide range of vegetables through credit sales at wholesale markets and cash sales from their own store. They have been requested to provide the bank with a Cash-flow Statement for last month. They provide you with the following transactions / events and Jason and James ask for your assistance. You are required to identify for each cash flow the correct classification, selecting from the drop down list; Operating, Investing or Financing. You must also indicate whether the cash-flow is an inflow or outflow. Where you believe there is no cash flow, use Not Applicable and No Cash-Flow label. Transactions Classification Inflow/Outflow Received a loan of $80,000 from NBA Bank repayable in 3 years Financing Outflow Purchased a new Tractor paying cash $75,000 Sold 60 boxes of vegetables on credit for $6,000 Purchased storage boxes from regular supplier for $1,000 cash A Sold old tractor in a private sale Negotiate with a new restaurant to provide $2,000 of vegetables each week Paid interest on bank loans $5,000 Receive payment from customer $6,000 Received partial payment from a customer which had written off as a bad debt $1,500 Sell 120 boxes of vegetables on credit $11,000 Paid insurance premium for three months $4,500 A

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