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Prepare a cash flow statement for benson ltd

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Reference no: EM132959826

An analysis of the cash account for Benson Ltd for the 2017/2018 financial year revealed the following information:

(a) Cash on hand 1 July 2017, $50,000.

(b) Cash payments:

Income taxes 30,000

Dividends 24,530

Purchase equipment 34,000

Interest 7,000

Liquidate short-term debt 13,000

Purchase land 23,000

Suppliers and employees 214,630

Liquidate long-term debt 25,630

(c) Cash receipts:

Customers 245,630

Issuing long-term debt 21,000

Selling equipment 40,000

Issuing preference shares 15,000

Interest received 10,256

Selling land 19,000

Issuing short-term debt $15,000

Problem 1: Prepare a cash flow statement for Benson Ltd

Reference no: EM132959826

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