Reference no: EM133108319
Question - Prepare Cash Flow for ABC Company
1) Cash receipts from customers $100,000
2) Cash paid for suppliers 75,000
3) Paid salaries for the period 15,000
4) Interest incurred but not yet paid 700
5) Proceeds from sale of equipment 200,000
6) Acquired equipment on account 400,000
7) Investment by the owner 900,000
8) Withdrawal by the owner 100,000
9) Loan proceeds from the bank 350,000
10) Proceeds from issuance of shares of stocks 100,000
11) Dividends paid 120,000
12) Interest paid 6,000