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DEBIT CREDIT January 1, 2019 1/15 sales 2/18 collection of receivables 3/28 sales 5/20 collection of receivables 6/17 sales 7/17 contribution from owner P120,000.00 22,000.00 7,890.00 1,000.00 2/2 payment to suppliers 3/16 utility bills 4/15 salaries of employees 6/1 acquisition of computers 7/1 rent payments 8/3 payment to suppliers 12/31 30,000.00 1,850.00 35,000.00 5,980.00 35,000.00 66,000.00 30,000.00 15,750.00 80,000.00 9/1 proceed from bank borrowing 10/15 collection of receivables 11/21 collection of receivables total debits 200,000.00 loan payment 18,780.00 12/31 interest payment 12/31 owner's drawing 15,000.00 7,500.00 19,000.00 507,830.00 5,000.00 total credits 207,920.00 December 31, 2019 Determine the following: a. cash flow from operating activities b. cash flow from investing activities c. cash flow from financing activities P299,910.00

DEBIT CREDIT January 1, 2019 1/15 sales 2/18 collection of receivables 3/28 sales 5/20 collection of receivables 6/17 sales 7/17 contribution from owner P120,000.00 22,000.00 7,890.00 1,000.00 2/2 payment to suppliers 3/16 utility bills 4/15 salaries of employees 6/1 acquisition of computers 7/1 rent payments 8/3 payment to suppliers 12/31 30,000.00 1,850.00 35,000.00 5,980.00 35,000.00 66,000.00 30,000.00 15,750.00 80,000.00 9/1 proceed from bank borrowing 10/15 collection of receivables 11/21 collection of receivables total debits 200,000.00 loan payment 18,780.00 12/31 interest payment 12/31 owner's drawing 15,000.00 7,500.00 19,000.00 507,830.00 5,000.00 total credits 207,920.00 December 31, 2019 Determine the following: a. cash flow from operating activities b. cash flow from investing activities c. cash flow from financing activities P299,910.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Account Name: CASH Account No.: 1000 DEBIT CREDIT P120,000.00 1,000.00 January 1, 2019 1/15 sales 2/18 collection of receivables 3/28 sales 5/20 collection of receivables 6/17 sales 7/17 contribution from owner 2/2 payment to suppliers 3/16 utility bills 4/15 salaries of employees 6/1 acquisition of computers 7/1 rent payments 8/3 payment to suppliers 12/31 loan payment 12/31 interest payment 12/31 owner's drawing 22,000.00 7,890.00 30,000.00 1,850.00 35,000.00 35,000.00 66,000.00 5,980.00 80,000.00 200,000.00 30,000.00 15,750.00 9/1 proceed from bank borrowing 10/15 collection of receivables 11/21 collection of receivables total debits 18,780.00 15,000.00 7,500.00 19,000.00 507,830.00 5,000.00 total credits 207,920.00 December 31, 2019 Determine the following: a. cash flow from operating activities b. cash flow from investing activities c. cash flow from financing activities P299,910.00
Transcribed Image Text:Account Name: CASH Account No.: 1000 DEBIT CREDIT P120,000.00 1,000.00 January 1, 2019 1/15 sales 2/18 collection of receivables 3/28 sales 5/20 collection of receivables 6/17 sales 7/17 contribution from owner 2/2 payment to suppliers 3/16 utility bills 4/15 salaries of employees 6/1 acquisition of computers 7/1 rent payments 8/3 payment to suppliers 12/31 loan payment 12/31 interest payment 12/31 owner's drawing 22,000.00 7,890.00 30,000.00 1,850.00 35,000.00 35,000.00 66,000.00 5,980.00 80,000.00 200,000.00 30,000.00 15,750.00 9/1 proceed from bank borrowing 10/15 collection of receivables 11/21 collection of receivables total debits 18,780.00 15,000.00 7,500.00 19,000.00 507,830.00 5,000.00 total credits 207,920.00 December 31, 2019 Determine the following: a. cash flow from operating activities b. cash flow from investing activities c. cash flow from financing activities P299,910.00
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