Question
WIN People has the following cash transactions recorded in Bank Account during the financial year 2020-2021 . Transaction Descriptions Amount ($) 1 Cash received from
WIN People has the following cash transactions recorded in Bank Account during the financial year 2020-2021.
| Transaction Descriptions | Amount ($) |
1 | Cash received from Account Receivables | . |
2 | Cash paid to account payables | 328,000 |
3 | Interest received from money held in the bank account | 1,050 |
4 | Wages and Salaries paid |
|
5 | Insurance paid | 6,000 |
6 | Other operating expenses paid | |
7 | Win People, cash drawings | 20,000 |
8 | New Equipment purchased | 40,000 |
9 | Borrowing money from ANZ for 5 years | .. |
10 | Proceeds from the sales of old equipment | |
11 | New Truck purchased | 10,000 |
12 | Cash balance as at 1st July 2020 | 50,000 |
Required:
- Fill in the blanks in the table above your own numbers (between $10,000- $100,000) ( You might need to copy the table above and then paste into your Canvas working space)
- Prepare a Statement of Cashflow for Win People for the year ended 30th June 2021.
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