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Question 8: Cash flow statement (6 Marks) The following T account is a summary of the cash account of King Fisheries Pty Ltd. 180 000
Question 8: Cash flow statement (6 Marks) The following T account is a summary of the cash account of King Fisheries Pty Ltd. 180 000 140 000 Cash (summary form) 2018 Balance, 1 Jan. Receipts from customers Dividends received Proceeds from sale of equipment Proceeds from issue of debentures 30 000 Payments for goods 8000 Payments for operating expenses 264 000 Interest paid 6 000 Taxes paid 36 000 Dividends paid 200 000 Balance, 31 Dec. 514 000 8 000 40 000 116 000 514 000 2019 Balance, 1 Jan. 116 000 Required: Prepare the statement of cash flow
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