Prepare sy statement of cash flows for the year ended june

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Reference no: EM132674867

The information below relates to SY Traders for the year ended 30 June 2020.

Sales revenue

352,000

Accrued wages

15,000

Bank balance 1 July 2019

($22,000)

Cash paid to suppliers

192,200

Cash receipts from customers

294,000

Payments to employees and for expenses

25,000

Bank loan received

6,600

Property taxes paid

20,000

Depreciation of equipment

45,600

Interest received

20,500

Cash received from sale of share market investments

55,000

Cash paid to purchase computer hardware

40,000

Issued shares in exchange for block of land

100,000

Dividends paid

29,000

Interest paid

30,000

Net profit after tax

76,000

Required:

Problem a) Prepare SY's Statement of Cash Flows for the year ended 30 June 2020.

Problem b) What is the most important section in SY's Statement of Cash Flow? Explain.

Reference no: EM132674867

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