Please answer the question correctly. Thank you.They are in the same question. The transactions pertaining to Cash were taken from the books of ABC Company forthe year 2021:Additional cash investment by the owner during the yearP100,000Cash collections from account customers175,000Cash paid to purchase equipment450,000Cash paid to employees for their salaries30,000Cash paid for utilities expense25,000Cash received from cash customers205,000Cash withdrawals made by the owner75,000Proceeds from the sale of an old furniture40,000Cash payments for rent120,000Payment of other operating expenses80,000Proceeds from bank loan289,500 Cash collections from account customers175,000Cash paid to purchase equipment450,000Cash paid to employees for their salaries30,000Cash paid for utilities expense25,000Cash received from cash customers205,000Cash withdrawals made by the owner75,000Proceeds from the sale of an old furniture40,000Cash payments for rent120,000Payment of other operating expenses80,000Proceeds from bank loan289,500At the end of the previous year, the entity had P32,500 cash balance.How much is the net cash flows from operating activities?

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How much is the net cash flows from operating activities?

Principles of Accounting Volume 1

19th Edition

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Author:OpenStax

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Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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Question

Please answer the question correctly. Thank you. They are in the same question.

The transactions pertaining to Cash were taken from the books of ABC Company for
the year 2021:
Additional cash investment by the owner during the year
P100,000
Cash collections from account customers
175,000
Cash paid to purchase equipment
450,000
Cash paid to employees for their salaries
30,000
Cash paid for utilities expense
25,000
Cash received from cash customers
205,000
Cash withdrawals made by the owner
75,000
Proceeds from the sale of an old furniture
40,000
Cash payments for rent
120,000
Payment of other operating expenses
80,000
Proceeds from bank loan
289,500

Cash collections from account customers
175,000
Cash paid to purchase equipment
450,000
Cash paid to employees for their salaries
30,000
Cash paid for utilities expense
25,000
Cash received from cash customers
205,000
Cash withdrawals made by the owner
75,000
Proceeds from the sale of an old furniture
40,000
Cash payments for rent
120,000
Payment of other operating expenses
80,000
Proceeds from bank loan
289,500
At the end of the previous year, the entity had P32,500 cash balance.
How much is the net cash flows from operating activities?

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