Solution-Create statement of cash flows based on the cash

Create statement of cash flows based on the cash account

Assignment Help Accounting Basics

Reference no: EM132616434

Question - The following T-account shows the transactions in the cash account during the month.

Cash Opening balance $10,000

Receipts from customers 156,000

Dividends received 3,000

Sale of motor vehicle 16,000

Proceeds from loan 30,000

215,000

Drawings paid $10,000

Payments for wages 54,000

Payments for inventory 70,000

Expenses payments 6,000

GST paid 5,000

Interest paid 3,000

Closing balance 67,000

$215,000

Required - CREATE statement of cash flows based on the cash account. This is not an assignment. It is a question in my university's textbook and I am revising for my exams.

Reference no: EM132616434

Questions Cloud

What is bank of america wacc : What is Bank of America's WACC? If it is above 14%, advise them on how to revise the capital to reduce the cost.

Compute the break-even point in composite units : Z sells for $124. Variable costs for product A are $45; for Z $49. Fixed costs are $518,300. Compute the break-even point in composite units

Is this a disbursement float or a collection float : You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you issue a check for $49,000.

What is the ending balance of retained earnings : Revenue is $65,000, expenses total $55,000, and the company declares and pays a $5,000 dividend, what is the ending balance of retained earnings?

Create statement of cash flows based on the cash account : The following T-account shows the transactions in the cash account during the month. CREATE statement of cash flows based on the cash account

Describe specific ways effective leaders : Describe specific ways effective leaders can hire key people to serve as prominent leaders and subordinates. Include your rationale.

Describe one innovative health care delivery model : Describe one innovative health care delivery model that incorporates an interdisciplinary care delivery team. Explain how this model is advantageous to patient.

Determining the academic goals of the school : Why is it important for the school leader to plan the school budget in relation to the academic goals of the school?

How much money did miller save through its hedge : When the NBA season and brewing time arrive the cost of hops has risen to $1.30 a bushel. How much money did Miller save through its hedge?

User Account

All Pages

Create statement of cash flows based on the cash account

Reference no: EM132616434

Reference no: EM132616434

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT