Prepare a financial statement given the following transactions

1. The owners paid in 100.000 in cash
2. The company bought some PPE for 15.000 and paid cash
3. The company made a credit purchase of inventories for 50.000
4. The company issued debt at par – value of the debt is 40.000
5. The company purchased the rights to use a brand for 35.000. The invoice has not been paid yet.
6. The company sold inventories for 25.000
7. And recorded 45.000 in credit sales
8. The company paid 25.000 to suppliers
9. The company collected 20.000 receivables
10. The company paid 4.000 coupon interest on debt issued
11. The company recorded 5.000 depreciation of PPE
12. The company paid 10.000 in dividends to shareholders

Answer rating: 100% (QA)

Statement of cash flow For the period ending December 31 20X1 Operating activities Cash inflows Cred... View the full answer