Question 3

Cash at bank on 1 July 2013 for Ben Alla Ltd was $16,000 (Dr). You also ascertain the following balances as at 30 June 2014.

	$
Credit Sales	765,000
Cash from Accounts Receivable	715,000
Interest Received	23,000
Dividends Received from other companies	15,000
Credit Purchases	345,700
Interest Paid	45,000
Cash Paid to suppliers	300,500
Interest Paid on Debentures	12,000
Office Expenses paid	75,000
Accrued Office Expenses	6,500
Marketing Expenses paid	89,000
Administration Costs paid	55,000
Salaries and Benefits paid to employees	67,000
Depreciation of Equipment	24,000
Depreciation of Vehicles	10,000
Proceeds of Share Issue	160,000
Cash received for Sales of Equipment	47,000
Dividends paid to Shareholders	66,000
Debentures Issued	150,000
New Equipment Purchased for cash	290,000
Profit on Sale of Vehicles	8,000
Repayment of Loans	23,000
Cash at Bank (Debit)	61,500
Taxation Paid	42,000

Required:

Prepare a Cash Flow Statement for the financial year ended 30 June 2014.

Please use the following format:

Statement of Cash Flows for Ben Alla Ltd
For the Financial Year Ended 30 June 2014
( i ) Cash flows from Operating Activities	Inflows/	Inflows/
	(Outflows)	(Outflows)
( ii ) Cash flows from Investing Activities
( iii ) Cash flows from Financing Activities