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TOUR de BIKES Ltd, sell bicycles, and has been running successfully for a number of years. The bank has requested a Cash-flow Statement for last month and Cadel Porte provides you with the following transactions / events, and asks 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 Sold 15 bikes on credit for $15,000 Paid advertising costs of $6,000 for the next four months Sold 5 bikes for cash $6,000 Purchased new bikes from a new supplier, $18,000 Paid employees $2,500 their monthly wages Sold shares through a public share issue $400,000 Repaid a 2 year bank loan $40,000 Paid a dividend to the share holders $15,000 Depreciation expense for the month $12,750 Paid three months of rent $5, 400 Sold 35 bikes on credit $54,000 Received payment from from previous credit sale $15,000 Sold some bikes for cash $38,000and No Cash-Flow label. Transactions Classification Inflow/Outflow Sold 15 bikes on credit for $15,000 Operating Paid advertising costs of $6,000 Investing for the next four months Financing Not ApplicableTOUR de BIKES Ltd, sell bicycles, and has been running successfully for a number of years. The bank has requested a Cash-flow Statement for last month and Cadel Porte provides you with the following transactions I events, and asks 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 lnflowlOutflow Sold 15 bikes on credit for sososo S Paid advertising costs of $6,000 Outow for the next four months E No Cash-ow Inow nepala a L year Dank loan $40,000 Paid a dividend to the share holders $15,000 Depreciation expense for the month $12,750 Paid three months of rent $5,400 Sold 35 bikes on credit $54,000 Received payment from from previous credit sale $15,000 Sold some bikes for cash $38,000 Paid Suppliers amounts owing from last month $34,000 Cost of Goods Sold expense for the month 525,000 Purchased a new motor vehicle for $25,000 Paid for intemet, telephone and electricity charges $250 A loss of 3 bikes valued for $1,400 identified
