Solution-Prepare a statement of cash flows at december

Prepare a statement of cash flows at december

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Reference no: EM132224444

Question - On the Go Pty Ltd is a small proprietary limited company that sells caffeine-based beverages.

The opening bank balance on 1 January 2017 was $45,000. The following is a summary of business transactions for the year ending 31 December 2017'.

Receipts from customers $450,000

Payments for inventory 285,000

Loan Proceeds 35,000

Payments for wages 158,000

Cash purchase of equipment 100,000

Dividends declared 60,000

Dividends paid 26,000

Payment of interest 8,000

Profit on the sale of equipment 65,000

Depreciation of equipment 25,000

Interest received 10,000

Income taxes paid 15,500

Cash proceeds from sale of old equipment 21,000

Cash Equity injection 85,000

Required: Prepare a statement of cash flows as at 31 December 2017.

Reference no: EM132224444

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Prepare a statement of cash flows at december

Reference no: EM132224444

Reference no: EM132224444

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