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You are the accountant for Party Animals who trades in party gifts. You have to prepare a Statement of Cash Flow for the period
You are the accountant for Party Animals who trades in party gifts. You have to prepare a Statement of Cash Flow for the period ending 30 June 2021, based on the following information. PARTY ANIMALS Income Statement for the year ending 30 June 2021 $ $ $ $ Revenue Sales revenue Less: Cost of goods sold Opening Stock + Purchases + Store staff wages - Closing Stock Gross profit Plus: Other revenue Discount received Interest received 857250 139950 506250 23850 670050 -141750 528300 328950 2590 2946 5536 334486 Total income Less: Expenses Selling: Advertising 22950 Depreciation delivery vehicle 2628 25578 Administrative: Electricity 31274 Depreciation on Equipment 4062 Depreciation on furniture 6732 Office wages 48376 79650 Finance: Interest Paid Discount allowed Bad debts Net Profit 25874 4050 7320 37244 142472 192014
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