Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is provided by A. Budha for the year ended 30 June 2021. You are required to: Prepare a Statement of Cash Flows

image text in transcribed

image text in transcribed

image text in transcribed

The following information is provided by A. Budha for the year ended 30 June 2021. You are required to: Prepare a Statement of Cash Flows for the year ended 30 June 2021. $ 25,000 145,000 55,000 2,000 46,000 21,000 Cash sales Credit sales Repayment of mortgage: Principal Interest Wages paid Other operating expenses paid Credit purchases Payments to accounts payabl Depreciation expense Receipts from accounts[receivable Dividends received on share investments Proceeds from sale of motor vehicle Additional capital introduced by Budha Drawings by Budha Purchase of motor vehicle Net profit Cash at bank balance at 1/7/20 30,000 32,000 5,000 165,000 550 2,000 50,000 20,000 17,500 66,550 $37,000 Statement of Cash Flows for year ended 30 June 2021 $ $ Cash Flows from Operating Activities: I Cash Flows from Investing Activities: Cash Flows from Financing Activities: Net increase (decrease) in cash Cash at beginning (1 July 2020) Cash at end (30 June 2021)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Cases

Authors: Camillo Lento, Jo-Anne Ryan

3rd Canadian Edition

1119594642, 978-1119594642

More Books

Students also viewed these Accounting questions

Question

What are the ethical scrutiny requirements of your centre?

Answered: 1 week ago