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NOTE: Please help me to answer this asap! I need 100% correct answer On Jan. 3, 2018, ABC Company showed a cash balance of P480,000
NOTE: Please help me to answer this asap!
I need 100% correct answer
On Jan. 3, 2018, ABC Company showed a cash balance of P480,000 and incurred the following: 2018 Transactions Feb 1 Received proceeds from a bank loan amounting to P420,000. Mar 31 Sold equipment with a book value of P80,000 for P60,000 April 22 Purchased tables and chairs on account, P32,000 May 1 Purchased steel cabinet amounting to P90,000, paid P45,000 cash and the balance on account. Jul 1 Rendered P350,000 consulting services: received P185,000 cash, and the balance is on account. Aug 31 Mr. A withdrew P40,000 cash for personal use. Nov 15 Paid 20% of Feb 1 bank loan plus P18,500 interest Oct 31 Received P420,000 advance payment from DEF Inc. for services to be rendered in the future. Dec 28 Paid P86,000 expenses incurred in rendering consulting services. Compute for the following: (Indicate the no. of your answer) 1. Net cash flow from operating activities - please indicate if it is "Net Inflow" or "Net Outflow" 2. Net cash flow from investing activities - please indicate if it is "Net Inflow" or "Net Outflow" 3. Net cash flow from financing activities - please indicate if it is "Net Inflow" or "Net Outflow" 4. Cash balance at the end of the periodStep by Step Solution
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