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X Ltd has the following summary of its Cash Account: SUMMARYOF CASH ACCOUNT (31/12/17) Balance of cash(31/12/16)$50 Payment to suppliers $2000 Equity shares $300 Purchase
X Ltd has the following summary of its Cash Account:
SUMMARYOF CASH ACCOUNT (31/12/17)
Balance of cash(31/12/16)$50 Payment to suppliers $2000
Equity shares $300 Purchase of fixed assets $200
Received cash from customers$2,800 Overhead exp $200
Sale of fixed assets $100 wages $100
paid tax $250
paid dividends $50
repayment of loan $300
cash (31/12/17) $150
$3250 $3250
REQUIRED:
Prepare cash flow statement for the year ended 31/12/17.
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