Prepare a statement of cash flow for the year. should show reconstructed accounts for debtors, creditors,...

Prepare a statement of cash flow for the year.
should show reconstructed accounts for debtors, creditors, operating expenses and capital. (Australia environment)

                                                   30/06/13 30/06/14
bank overdraft                        10200        -----
creditors                                   54400       44200
arrcured operating expenses 3400       6800
loan                                            40000       25000
Capital                                       279100    372100
cash at bank                                 -            23000
debtors                                     34000       37600
allowances for doubtful debts 3000     3000
stock                                          51000       62000
prepaid operating expenses 5100        3000
land and buildings                  270000     300000
equipment                                40000       39000
accumulated depreciation    10000       13500
- equipment

additional information for the year end 30 June 2014:

sales - all on credit                       360000
purchase - all on credit                254000
operating expenses incurred      42500
(including bad debt$1400)
depreciation - equipment             4000
(not included in operating expenses)
proceeds from sale of equipment 1000
gain on sale of equipment            500
cash drawings                                 28000
additional capital contributed      50000

no equipment was purchased during the year.

Expert Solution


CASH FLOW STATEMENT FOR THE YEAR
PARTICULARS			AMOUNT IN $

CASH FLOW FROM OPERATING ACTIVITIES
	Cash received from customers(see debtors ledger)		355000
	Cash paid to creditors (see creditors ledger)		-264200
	Cash paid for operating expenses (see operating		-42400
	expenses ledger)

	Net cash generated from operating activites			48400


CASH FLOW FROM INVESTING ACTIVITIES
	Proceeds from sale of equipment		1000
	Purchase of land and buildings		-30000

	Net cash used in investing activities			-29000

CASH FLOW FROM FINANCING ACTIVITIES
	Repayment of bank overdraft		-10200
	Repayment of loan		-15000
	Cash withdrawals		-28000
	Additional cash contribution		121000

	Net cash generated from financing activites			67800


	NET CASH FLOW FOR THE YEAR			87200
	Cash and cash equivalents (including cash at bank)			23000

	CASH AND CASH EQUIVALENTS FOR THE YEAR			110200





		DEBTORS LEDGER ACCOUNT
	Opening balance	34000	Cash received from customers
			(balancing figure)		355000
	Sales	360000	Bad debts		1400

			Closing balance		37600

	Total	394000	Total		394000



		CREDITORS LEDGER ACCOUNT


	Cash paid to creditors (balancing	264200	Opening balance		54400
	figure)

	Closing balance	44200	Purchases		254000

	Total	308400	Total		308400



		OPERATING EXPENSES LEDGER

	Opening balance	3400
	Prepaid expenses transferred
	(5100-3000)	2100	Accrued expenses for the year
	Cash paid for operating	42400	(42500-1400 bad debts)		41100
	expenses
	(balancing figure)		Closing balance		6800

	Total	47900	Total		47900



		CAPITAL LEDGER



	Cash drawings	28000	Opening balance		279100

			Additional cash contributed		50000
	Closing balance	372100	Cash brought into (balancing figure)		71000

	Total	400100	Total		400100

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