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    Statement of Cash Flow

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    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