You are working on the cash flow statement for the June 2021 year
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You are working on the cash flow statement for the June 2021 year

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.

Hint
Accounts & FinanceA cash flow statement is a financial statement that records the amount of cash and cash equivalents entering and leaving a company. It helps in evaluating how well the company is running its operations based on cash,how is it managing its debts and how does it fund its day to day expenses....

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