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Please answer all I will give an upvote thank you Mr. Carlo Raulo established a consultancy firm. The following data are taken from the records
Please answer all I will give an upvote thank you
Mr. Carlo Raulo established a consultancy firm. The following data are taken from the records Raulo Consultancy Services for the year 2017. Consultancy fees received from clients Php 500 000 Cash receipts from clients 600 000 Proceeds of Metrobank loan 350 000 Cash purchase of van 800 000 Additional investment of C. Raulo 900 000 Dividends income received 23 000 Rent income received 32 000 Payment of operating expenses 975 000 Principal long-term paid 600 000 Asset withdrawal of owner 125 000 Proceeds from sale of land 950 000 REQUIRED: Prepare a statement of Cash Flows. Cash Balance on January 1, 2017 is Php 308 000. RAULO CONSULTANCY SERVICES STATEMENT OF CASH FLOWS FOR YEAR ENDED DECEMBER 31, 2017 Cash Flows from Operating Activities Receipts Payments Net Cash from Operating Activities Cash Flows from Investing Activities Receipts Payments Net Cash from Investing Activities Cash Flows from Financing Activities Receipts Payments Net Cash from Financing Activities Net Increase/Decrease in Cash Cash Balance - January 1 Cash Balance - December 31 =Step by Step Solution
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