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ABC Company Cash Flow Analysis 2019

The document provides transaction details for ABC Company throughout 2019. It requires the student to complete a transaction analysis table showing the effect of each transaction on cash and prepare a statement of cash flows. The statement of cash flows will include sections for cash flows from operating, investing and financing activities with inflows and outflows populated based on the transaction analysis table.

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Vincent Capulong
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177 views2 pages

ABC Company Cash Flow Analysis 2019

The document provides transaction details for ABC Company throughout 2019. It requires the student to complete a transaction analysis table showing the effect of each transaction on cash and prepare a statement of cash flows. The statement of cash flows will include sections for cash flows from operating, investing and financing activities with inflows and outflows populated based on the transaction analysis table.

Uploaded by

Vincent Capulong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ASSIGNMENT 02

(30 Points)

Name: ____________________________________

On Jan. 3, 2019, ABC Company showed a cash balance of P500,000 and incurred the following:

2019 Transactions
Jan. 10 Made an additional capital investment, P200,000 cash.
Feb 1 Received proceeds from a bank loan amounting to P500,000.
Mar 31 Sold equipment with a book value of P80,000 for P60,000
April 22 Purchased office supplies on account, P25,000
May 1 Purchased furniture amounting to P150,000, paid P80,000 cash and P70,000 on account.
Jul 1 Rendered P520,000 consulting services: received P225,000 cash, and P295,000 on account.
Aug 31 Mr. A withdrew P50,000 cash for personal use.
Sep 1 Received from all account customers P118,000 payment on their account balances
Nov 15 Paid 40% of Feb 1 bank loan plus P20,000 interest
Oct 31 Received P420,000 advance payment from DEF Inc. for services to be rendered in the future.
Dec 28 Paid P120,000 rental and P80,000 utilities for the year for office space. And paid salaries
expense of P152,000.

Required: (1) Fill-out the transaction analysis table below based on the above transactions:

Transaction Activity Effect to Cash Amount


(2) Based on the table above prepare the Statement of Cash Flow:

ABC Company
Statement of Cash Flows
For the period ending December 31, 2019

Cash flow from operating activities:


Inflows:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Outflows:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________

Cash flows from investing activities:


Inflows:
_____________________________________________________________
_____________________________________________________________
Outflows:
_____________________________________________________________
_____________________________________________________________

Cash flows from financing activities:


Inflows:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
Outflows:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________

Net cash inflow (outflow) ___________________


Add: Cash beginning balance ___________________
Cash ending balance ___________________

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