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Question 3 (15 Marks) Part (a) (8 Marks) A summary extract from the Cash Book of Turner Ltd for the year ended 30 June 2016
Question 3 (15 Marks) Part (a) (8 Marks) A summary extract from the Cash Book of Turner Ltd for the year ended 30 June 2016 disclosed Cash Book ning balance ccounts receivable ales cash 48,048Accounts payable 755,440Office Furniture 117,600ory purchased 15,120Salaries & wages 44,000Taxation payable 448,000 Provision for annual leave 45,600 Petty Cash 243,600 50,400 95,200 604,800 124,320 23,640 1,000 228,480 67,200 110,320 $1,548,960 ommission received ffice furniture hare capital Motor vehicles nterest income 7,952 Other operating expenses osits at call 67,200 Dividend payable Closing balance $1,548,960 Additional Information The petty cash float was $1,000 on 30 June 2015. There was $127,200 in deposits at call on 30 June 2015 Required: Prepare a cash flow statement for the financial year ended 30 June 2016, including the note required for the reconciliation of cash
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