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    Activity in FABM 2

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    CHERIE MAY ANGEL QUITORIANO
    The document provides transaction details from three companies - Mr. Dunkin Bakery, Angel's Photocopy Shoppe, and Virtueson Company - to prepare cash flow statements for each. For Mr. Dunkin Bakery, transactions from January 1 to December 31, 2022 are given totaling cash inflows of $84,784 and outflows of $51,487. For Angel's Photocopy Shoppe, June transactions are provided with cash inflows of $75,000 and outflows of $51,300. And for Virtueson Company, December 2017 transactions are listed with cash inflows of $323,650 and outflows of $116,700.

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    Activity in FABM 2

    Uploaded by

    CHERIE MAY ANGEL QUITORIANO
    162 views2 pages
    The document provides transaction details from three companies - Mr. Dunkin Bakery, Angel's Photocopy Shoppe, and Virtueson Company - to prepare cash flow statements for each. For Mr. Dunkin Bakery, transactions from January 1 to December 31, 2022 are given totaling cash inflows of $84,784 and outflows of $51,487. For Angel's Photocopy Shoppe, June transactions are provided with cash inflows of $75,000 and outflows of $51,300. And for Virtueson Company, December 2017 transactions are listed with cash inflows of $323,650 and outflows of $116,700.

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    The document provides transaction details from three companies - Mr. Dunkin Bakery, Angel's Photocopy Shoppe, and Virtueson Company - to prepare cash flow statements for each. For Mr. Dunkin Bakery, transactions from January 1 to December 31, 2022 are given totaling cash inflows of $84,784 and outflows of $51,487. For Angel's Photocopy Shoppe, June transactions are provided with cash inflows of $75,000 and outflows of $51,300. And for Virtueson Company, December 2017 transactions are listed with cash inflows of $323,650 and outflows of $116,700.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    162 views2 pages

    Activity in FABM 2

    Uploaded by

    CHERIE MAY ANGEL QUITORIANO
    The document provides transaction details from three companies - Mr. Dunkin Bakery, Angel's Photocopy Shoppe, and Virtueson Company - to prepare cash flow statements for each. For Mr. Dunkin Bakery, transactions from January 1 to December 31, 2022 are given totaling cash inflows of $84,784 and outflows of $51,487. For Angel's Photocopy Shoppe, June transactions are provided with cash inflows of $75,000 and outflows of $51,300. And for Virtueson Company, December 2017 transactions are listed with cash inflows of $323,650 and outflows of $116,700.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    A. The following data are taken from the records of Mr. Dunkin Bakery. Mr.

    Baker has beginning cash balance


    on January 1, 2022 of P32, 346. Prepare SCF for the year ended December 31, 2022.

    TRANSACTIONS
    Paid for utilities 2, 387
    Payment of loan to Arina Bank 20, 000
    Rent Expense 3, 500
    Proceeds of bank loan to Shuga Bank 49, 000
    Bought investment stocks 10, 000
    Cash drawings 12, 000
    Tax payment 1, 000
    Collection from customers 32, 784
    Additional investment of Mr. Baker 25, 000
    Cash paid to suppliers 5, 000
    Interest payment on loans 1, 000
    Interest received on bank savings 2, 100
    Payment of accounts payable 2, 000
    Purchase of utensils 600
    Cash paid for advertising 2, 300

    B. Prepare the statement of cash flow for Angel’s Photocopy Shoppe. On June 30, 2020, after six months of
    operations, the following balances were obtained from the trial balance. All transactions are in cash. Cash
    balance for June 1, 2020 is P25,000.

    TRANSACTIONS
    Angels’ Capital 220, 000
    Photocopy Equipment 45, 000
    Supplies 25, 000
    Angel’s Drawing 8, 000
    Taxes Expense 2, 000
    Service Rendered 75, 000
    Repairs Expenses 2, 800
    Furniture 4, 000
    Utilities Expense 7, 500
    Loan Payable 8, 000
    Rent Expense 35, 000

    C. The cash account of Virtueson Company has an ending balance of P829, 937, and a list of transactions.
    Prepare the cash flow statement on December 31, 2017, after determining the amount of cash for the
    following components.

    TRANSACTIONS
    Cash collections from customers 175, 000
    Collections from Accounts Receivables 110, 000
    Future sales forecast 30, 000
    Purchase of equipment on account 89, 000
    Supplies estimate 3, 000
    Additional investment of owner 150, 000
    Proceeds from sale of furniture 18, 000
    Income Receivable 52, 000
    Rent Income 6, 000
    Interest Income 2, 650
    Owners Drawings 12, 700
    Utilities Expense 15, 000

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