Below is the consolidated balance sheet of Zehra Bridal Company for the year 2020 and 2021.

	2020 (RM)	2021 (RM)
BALANCE SHEET
ASSETS
Cash	30, 000	40, 000
Marketable Securities	20, 000	60, 000
Account Receivables	50, 000	40, 000
Inventory	90, 000	60, 000
Gross Fixed Assets	220, 000	250,000
Less: Accumulated Depreciation	(120, 000)	(130, 000)
TOTAL ASSETS	290, 000	320, 000
LIABILITY AND EQUITY
Account Payable	50, 000	70, 000
Note Payable	70, 000	60, 000
Tax Accrual	20, 000	10, 000
Long Term Debt	40, 000	60, 000
Preferred Shares	10,000	10,000
Common Shares	12, 000	12, 000
Paid-up Capital	38, 000	38, 000
Retained Earnings	50, 000	60, 000
TOTAL LIABILITY AND EQUITY	290, 000	320, 000
Net Income		10, 000

a) Prepare a statement of sources and use of funds in cash for the above company for the year 2021.

Prepare a statement of sources and uses of funds on a cash basis for the above company for the year 2021.

b) Prepare a cash flow statement for Zehra Bridal Company for the financial year ending 31 December 2021

Prepare a statement of cash flow of Syarikat Pengantin Zehra for the year ended 31 December 2021

Answer rating: 100% (QA)

a Caclulations of the statement Sources of Funds Uses of Funds Increase in Account Payable RM 70000 RM 50000 RM 20000 Decrease in Note Payable RM 6000... View the full answer