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Fabm 2

The document provides financial information for AJ Company for the year ended December 31, 20X1. It lists cash receipts and payments for the year. The student was asked to prepare the operating, investing, and financing sections of AJ Company's statement of cash flows for the full year. The response provides well-formatted sections for operating, investing and financing cash flows with calculations and balances shown for the year ended December 31, 20X1.

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Niña Elaine
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50 views2 pages

Fabm 2

The document provides financial information for AJ Company for the year ended December 31, 20X1. It lists cash receipts and payments for the year. The student was asked to prepare the operating, investing, and financing sections of AJ Company's statement of cash flows for the full year. The response provides well-formatted sections for operating, investing and financing cash flows with calculations and balances shown for the year ended December 31, 20X1.

Uploaded by

Niña Elaine
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
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Name: Niña Elaine T.

Gerez Grade and Section: 12 – Wedgwood


Teacher: Mr. Jerry Matas Date: October 7, 2022

The cash account of AJ Company has the beginning balance of P129,937.50.


Its year-end balance stands at P254,935.00. The table below show the summarized
transactions from the cash account of AJ Company.
Cash received from customers P725,175.00
Payments to suppliers 300,537.50
Payments for other operating expenses 58,850.00
Salaries paid 19,992.50
Purchase of Equipment 253,000.00
Sale of delivery equipment(motorcycle) 6,875.00
Proceeds from sale of computer equipment 42,762.50
Withdrawals of owners 229,350.00
Proceeds from bank loan 82,500.00
Contributions of owners 137,500.00
Interest paid 8,085.00

1. Prepare the operating section of AJ’s Statement of Cash Flows.


2. Prepare the investing section of AJ’s Statement of Cash Flows.
3. Prepare the financing section of AJ’s Statement of Cash Flows.
Answer:

AJ Company

Statement of Cash Flows

For the year ended December 31, 20X1

Cash flow from operating activities


Cash received from customers ₱725, 175.00
Payments to suppliers (300, 537.50)
Payments for other operating expenses (58, 850.00)
Salaries paid (19, 992.50)
Net cash flow provided by operating activities ₱345, 795.00

Cash flow from investing activities

Purchase of equipment ₱ (253, 000.00)

Sale of delivery equipment (motorcycle) 6, 875.00

Proceeds from sale of computer equipment 42, 762.50

Net cash flow used in investing activities (₱203, 362. 50)

Cash flow from financing activities

Contributions of owners ₱137, 500.00

Proceeds from bank loan 82, 500.00

Withdrawals of owners (229, 350.00)

Interest paid (8, 085.00)

Net cash flow provided by financing activities (₱17, 435.00)

Net change in cash ₱124, 997.50

Cash and cash equivalents, January 1, 20X1 129, 937.50

Cash and cash equivalents, December 31, 20X1 ₱254, 935.00

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