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Statement of Cash Flow

The store has no accounts receivable (it accepts only cash or bank cards for payments). At year end, an employee earned $200, which the store had not yet paid. Also, at year-end, the store had not yet paid it most recent utilities bills, which totaled $150.

Cash sales $155,000
Loan proceeds 21,000
Total receipts 176,000

Merchandise purchases ( all sold this year ) $84,000
Wages 33,000
Rent and lease payments 22,000
Other operating outlays 7,900
Purchase equipment 10,500

Total disbursements 157,400
Increase in Cash Balance $18,600


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Statement of Cash Flows

Cash Flow from Operating Activities
Cash collected from Customers 155,000
Cash Payments
Merchandise Purchases 84,000
Wages 33,000
Rent ...

Solution Summary

The solution explains how to prepare a statement of cash flows