SOLUTIONS TO STATEMENT OF CASH FLOW EERCISES semester 1 2013分析和总结分析和总结.pdfVIP

1 SOLUTIONS TO STATEMENT OF CASH FLOW EXERCISES Question 1  Cashed in term deposit and put money into business cheque a ount  Fees on credit – sent invoice to clients  Bought materials (expense) on credit  Received cash from debtors  Owner took cash for personal use  Paid a ounts payable  Owner invested a further $4,000 capital into the business  Received cash fees  Paid expenses  Bought equipment on credit; paid a deposit; balance on credit SOUTHTOWN SPRAYPAINTING Statement of cash flows for year ended 31 March 2013 $ $ $ Cash flows from operating activities Receipts from customers 124,850 Payments to suppliers (40,250) Other operating expenses (37,700) Net cash inflow from operating activities 46,900 Cash flows from investing activities Term deposit cashed in 5,000 Purchase of equipment ( 6,000) Net cash outflow from investing activities (1,000) Cash flows from financing activities Additional owner’s investment 4,000 Drawings (42,000) Net cash outflow from financing activities (38,000) Net increase in cash held 7,900 Add cash at 1 April 2012 1,700 Balance of cash at 31 March 2013 $ 9,600 2 Exercise 2 SOLEFUL SHOES Cash flow statement for six months ended 30 Se