The following information relates to Sydney Computer Services. Income Statement for the year ended 30 June 2013
Question:
Income Statement for the year ended 30 June 2013
Additional Information:
The Owner withdrew $20,000 through the year for her own use.
Required:
a) Calculate cash receipts from clients.
b) Calculate cash paid for the purchase of computer parts.
c) Prepare a classified statement of cash flow for the year ended 30 June 2013.
Transcribed Image Text:
$70 000 Income from clients Less Expense Parts for computer repairs Salaries for repair staff Vehicle expenses Depreciation of equipment Net Profit 6 400 38 250 9 050 600 54 300 S15 700 Balance sheets as at 30 June 2012 2013 Cwrent Assets Cash at bank Debtors 20 100 1 500 21 600 1 950 11 650 13 600 Fixed Assets Equipment Less Accumulated. Depreciation Land and Buildings 15 700 1800 15 700 14 500 225 000 $261 100 13 900 225 000 Curent Liabilities Creditors for computer parts Long Term Liabilities Mortgage Equity Capital The Owner 3 000 2 700 120000 116000 138 100 $261 100 133 800 $252 500
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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