The following information relates to Sydney Computer Services.
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