You are the accountant for JJ Services. You are working on the cash flow statement for the June 2021 year.
You were told that sales for the year were $113,200 and gross profit was $50,400.
Total expenses were $46,000. This was made up of:
Depreciation $4,100
Interest $1,500
Wages $38,400
Other $2,000
Of the net income, taxation was 30%.
You are also provided with an extract of the 30 June 2021 Balance Sheet account information
Show how much cash was:
1) Received from sales
2) Paid to employees
3) Paid to suppliers
4) Paid for tax
5) Any other operating expense not included above
Required: Type your answer in the space provided, show full workings and label your answer clearly uploading or emailing of files will be allowed.
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