Ms. Ann Sungit's capital decreased from PHP 102,500 to PHP 14,500 from January 1 to December 31, 2017 due to additional investments, withdrawals, and a net loss. Butt I. Que's statement of cash flows shows a net cash increase of PHP 950,000 from operating, investing, and financing activities, bringing the cash balance to PHP 1,150,000 on December 31, 2017. Dr. Quack's statement of cash flows shows a net cash increase of PHP 191,800 from operating and investing activities, bringing the cash balance to PHP 379,800 on December 31, 2017.
Ms. Ann Sungit's capital decreased from PHP 102,500 to PHP 14,500 from January 1 to December 31, 2017 due to additional investments, withdrawals, and a net loss. Butt I. Que's statement of cash flows shows a net cash increase of PHP 950,000 from operating, investing, and financing activities, bringing the cash balance to PHP 1,150,000 on December 31, 2017. Dr. Quack's statement of cash flows shows a net cash increase of PHP 191,800 from operating and investing activities, bringing the cash balance to PHP 379,800 on December 31, 2017.
Ms. Ann Sungit's capital decreased from PHP 102,500 to PHP 14,500 from January 1 to December 31, 2017 due to additional investments, withdrawals, and a net loss. Butt I. Que's statement of cash flows shows a net cash increase of PHP 950,000 from operating, investing, and financing activities, bringing the cash balance to PHP 1,150,000 on December 31, 2017. Dr. Quack's statement of cash flows shows a net cash increase of PHP 191,800 from operating and investing activities, bringing the cash balance to PHP 379,800 on December 31, 2017.
Ms. Ann Sungit's capital decreased from PHP 102,500 to PHP 14,500 from January 1 to December 31, 2017 due to additional investments, withdrawals, and a net loss. Butt I. Que's statement of cash flows shows a net cash increase of PHP 950,000 from operating, investing, and financing activities, bringing the cash balance to PHP 1,150,000 on December 31, 2017. Dr. Quack's statement of cash flows shows a net cash increase of PHP 191,800 from operating and investing activities, bringing the cash balance to PHP 379,800 on December 31, 2017.
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Exercise 3-
Ms. Ann Sungit
Statement of Changes in Equity For the Year Ended December 31, 2017
Ms. Sungit, Capital, January 1 PhP 102,500
Add: Additional Investment 25,000 Less: Withdrawals -78,000 Net Loss -35,000 Ms. Sungit, Capital, December 31, 2017 PhP 14,500
Exercise 2
Cash dividends received PhP 15,500
Rent income received 87,000 Collection from customers 399,500 Commission income received 14,000 Collection of accounts 31,000 Cah paid to suppliers -39,000 Cash paid for salaries -108,000 Cah paid for income tax -5,000 Cash paid for utilities -77,000 Cash paid for advertising -35,000 Net Cash Flow from operating activities PhP 283,000
Exercise 5
Butt I. Que Statement of Cash Flows For the year ended December 31, 2017
Cash Flow from Operating Activities
Cash received from clients PhP 408,000 Cash received for research income 32,000 Collection of accounts 600,000 Operating expenses -360,000 Payment of Interest -94,000 Net cash flow from operating activities PhP 586,000 Cash Flow From Investing Activities Investment from the owner PhP 300,000 Proceeds from sale of equipment 860,000 Purchase of land -1,100,000 Net Cash flow from investing activities PhP 60,000 Cash Flow From Financing Activities Proceeds of bank loan PhP 504,000 Partial payment of bank loan -200,000 Net cash flow from financing activities PhP 304,000 Net increase in cash PhP 950,000 Cash Balance, January 1, 2017 200,000 Cash Balance, December 31, 2017 PhP 1,150,000
1. Net cash flow from operating activities PhP 586,000
2. Net cash flow from investing activities PhP 60,000 3. Net cash flow from financing activities PhP 304,000 4. Net increase/decrease in cash PhP 950,000 5. Cash balance on December 31, 2017 PhP 1,150,000
II. Dr. Quack Statement of Cash Flows For the year ended December 31, 2017
Cash Flow from Operating Activities
Collection of accounts PhP 990,000 Dividends received 14,000 Royalty income 9,000 Rent income 32,000 Operating expenses -180,000 Payment of interest -24,000 Net cash flow from operating activities PhP 841,000 Cash Flow From Investing Activities Purchase of Equipment (PhP 110,000) Proceeds from sale of furniture 60,800 Net Cash flow from investing activities (PhP 49,200) Cash Flow From Financing Activities Payment of bank loan (PhP 600,000) Net increase in cash PhP 191,800 Cash Balance, January 1, 2017 188,000 Cash Balance, December 31, 2017 PhP 379,800 1. Net cash flow from operating activities PhP 841,000 2. Net cash flow from investing activities (PhP 49,200) 3. Net cash flow from financing activities (PhP 600,000) 4. Net increase/decrease in cash PhP 191,800 5. Cash balance on December 31, 2017 PhP 379,800
