The following T-account shows the transactions in the cash account during the month Required: Prepare a statement
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Prepare a statement of cash flows based on the cash account.
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Cash Account Drawings Paid Opening Balance Receipts from customers Dividends received Sale of motor vehicle Proceeds from loan 10000 Payment for wages 156 000 Payments for inventory 3 000 Expense payments 16000 Tax paid 30000 Interest paid 10000 54 000 70 000 6000 5000 3 000 67 000 215 000 Closing Balance 215 000
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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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