Statement of Cash Flow
Not what you're looking for?
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.
Receipts
Cash sales $155,000
Loan proceeds 21,000
Total receipts 176,000
Disbursements
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
Purchase this Solution
Solution Summary
The solution explains how to prepare a statement of cash flows
Solution Preview
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 ...
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.