prepare cash flow statement

CASH FLOW EXERCISE 1 The balance sheets of R Lester are as follows 31.12.20x7 31.12.20xa Fixed assets 26,100 28,500 11,450) Less Depreciation to date 13.090 17,050 Current assets 18,570 14.190 8,470 420) 80)13,390 Less Bad debts provision 8,050 4.060 3,700 Cash and bank balances 5730) 27,610 Creditors Net current assets 4.140 6 50 Loan from J Gorsey Financed by Capital Opening balances bld Add Net profit Add Cash introduced 35,760 10,240 33,590 11,070 (12.410) Less Drawings Note: Equipment with a book value of E1,350 was sold for 900. Depreciation written oft equipment during the year was 2,610