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Directions: Read and analyze the problem below then do the following requirements. Assuming, you owned a sari-sari store and had a beginning cash amounting of P50, 000 and the following transactions occurred during the month.   Purchase of goods. Paid in cash. 100, 000 Sales of goods. Received cash.   150,000 Paid utilities                                   30,000 Paid rent                                        10,000 Sold equipment for cash                100, 000 Owner withdraws investment         10, 000     Required: Compute for your net cash flow generated/used in operating activities. Compute for your net cash flow generated/used in investing activities. Compute for your net cash flow used in financing activities. Prepare a cash flows statement using direct method.

Directions: Read and analyze the problem below then do the following requirements. Assuming, you owned a sari-sari store and had a beginning cash amounting of P50, 000 and the following transactions occurred during the month.   Purchase of goods. Paid in cash. 100, 000 Sales of goods. Received cash.   150,000 Paid utilities                                   30,000 Paid rent                                        10,000 Sold equipment for cash                100, 000 Owner withdraws investment         10, 000     Required: Compute for your net cash flow generated/used in operating activities. Compute for your net cash flow generated/used in investing activities. Compute for your net cash flow used in financing activities. Prepare a cash flows statement using direct method.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 3M
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Directions: Read and analyze the problem below then do the following requirements.

Assuming, you owned a sari-sari store and had a beginning cash amounting of P50, 000 and the following transactions occurred during the month.

 

  • Purchase of goods. Paid in cash. 100, 000
  • Sales of goods. Received cash.   150,000
  • Paid utilities                                   30,000
  • Paid rent                                        10,000
  • Sold equipment for cash                100, 000
  • Owner withdraws investment         10, 000

 

 

Required:

  1. Compute for your net cash flow generated/used in operating activities.
  2. Compute for your net cash flow generated/used in investing activities.
  3. Compute for your net cash flow used in financing activities.
  4. Prepare a cash flows statement using direct method.
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