STATEMENT OF CASH FLOW

QUESTION ONE

The following information is provided to you for Honduras Ltd for the year ending 30 June 2019:

	$000
Accounts Receivable 1 July 2018	310
Accounts Receivable 30 June 2019	280
Trade Creditors 1 July 2018	90
Trade Creditors 30 June 2019	110
Tax Payable 1 July 2018	50
Tax Payable 30 June 2019	20
Cost of Goods Sold	450
Bad Debts Expense	55
Discount received for early payment to suppliers	30
Credit Sales for the Year	1 100
Tax Expense	5
Rent Expense Paid	17
Insurance Expense Paid	7
Dividends Paid	63
Inventory 1 July 2018	68
Inventory 30 June 2019	150
Discounts provided to customers for early payment	110
Sales Returns	100
Proceeds from sale of delivery vehicle	30

Required

Reconstructing any ledger accounts as required, prepare the extract of the operating cash flow statement only for Honduras Ltd for the year ending 30 June 2019.

QUESTION TWO

Cash received from customers

At 30 June 2021, Orange Ltd had accounts receivable of $200000. At 30 June 2022, accounts receivable were $240000 and sales for the year amounted to $2100000. Bad debts amounting to $50000 had been written off during the year, and discounts of $17000 had been allowed in respect of payments from customers made within prescribed credit terms. Orange Ltd did not have an allowance for doubtful debts in either year.

Required

By re-constructing any ledger account(s), calculate cash received from customers for the year ended 30 June 2022.