Determine the cash flow statement

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Reference no: EM132459414

Problem 1: Cash Flow Statement

Flushed With Success Pty Ltd is a plumbing business, owned and operated by Dwayne "The Plug" Johnson. Dwayne has provided you with the following financial information to assist with the preparation of a Cash Flow Statement.

ASSETS Currant Assets

 

2019

 

2018

Cash on Hand

$14 000

 

$4 800

 

Cash at Bank

42 800

 

18 400

 

Accounts Receivable (net)

23 200

 

19 600

 

Inventory

124 000

 

132 000

 

Prepaid Expenses

14000

5218 000

13200

5188000

Nan-Current Assets

 

 

 

 

Plant & Equipment

356 000

 

304000

 

less Acc. Depreciation

(182 400)

173 600

(163 200)

140 800

Land

 

52 000

 

92 000

Total Assets

 

443 600

 

420 800

LIABILITIES

 

 

 

 

Current Liabilities

 

 

 

 

Bank Overdraft

8 000

 

 

 

Accounts Payable

25 600

 

30 000

 

Expenses Payable

8 400

 

12 400

 

Tex Payable

I611412

58 800

22 400

64 800

Non-Current Liabilities

 

 

 

 

Loan

 

12 003

 

 

Total Liabilities

 

70 800

 

64 ROO

Net Assets

 

5372 800

 

4356 OW

EQUITY

 

 

 

 

Share Capital

 

176 000

 

168 000

Retained Earnings

 

196 800

 

188 000

 

 

p372 800

 

,5356000

Reference no: EM132459414

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