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Prepare statement of cash flows

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Question - Asta's Merchandising started business last October. The following are its transactions. Classify each transaction as operating, investing or financing activity.

a. Additional investment in business, 22,000

b. Proceeds of sale of equipment, 15,000

c. Collection of interest, 9,000

d. Collection from customers, 315,800

e. Proceeds from bank loan, 200,000

f. Proceeds from sale of furniture, 8,000

g. Payment of operating expense, 145,000

h. Collection of dividends, 12,000

i. Cash withdrawal of owner, 30,000

j. Payment of interest, 6,000

k. Collection of rent, 30,000

l. Purchase of furniture, 31,000

m. Payment of bank load, 150,000

Required - Prepare statement of cash flows.

Reference no: EM132616950

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