Gross profit 119200 rates taxes 7300 expenses 95900

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Gross profit $119,200 Rates taxes $7,300 Expenses - $95,900 Electricity $11,400 Office Wages $24,500 23,300 Depreciation $21,000 General exp $9,700 95,900
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1 PART B Q1 B Question 2 Below you will find a list of transactions. All were for cash. You are required to state whether the transaction will appear in the Cash Flow Statement as: a. A receipt from operating activities b. A payment for operating activities c. A receipt from investing activities d. A payment for investing activities e. A receipt from financing activities f. A payment for financing activities
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1 Transaction Answer (A, B, C, D, E or F) 1. Owner made a cash sale A 2. Owner bought a computer to use in the business D 3. Owner paid wages B 4. Owner borrowed money from the bank for the business E 5. Owner paid an account payable B 6. Owner received money for rent A 7. Owner sold an old desk from the business office C 8. Owner received money from an account receivable E 9. Owner repaid part of a loan from a finance company F 10. Owner paid interest to the bank F
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  • '18
  • Balance Sheet, Generally Accepted Accounting Principles, ABC Retails

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