Micro Link Information Technology College. Accounting and Fianance Level III. Process payment documentation .
LO-1 Enter data to the system.(Assignment-1.)
Part I. Individual assignment.
Instruction : Prepare CFS for Jackson corporation Corporation owned by Mr. Margaret for the month ended March31 2013. beginning cash balance birr 12,000.
Transactions
oct 1. paid cash for may Rent Birr 6000.
6. Paid cash for amount owed birr 1420.18
9 paid cash for salary expense Birr 2000.
19. provides service on account Birr 17,000.
20. owner of a business ,Ato taye withdraws for personal use birr 3500
23 Supplies expired during month of October costs birr 1700.
28 Purchase supplies on account Birr 3010.
29. Paid cash for miscellaneous expense birrr 900.
31. Ato Taye ,owner of the business deposits 40,000 birr as additional investment into the business .a
32. Received cash from cash sales Birr 29,300 .
Question answered from completed cash flow statement .write date with bracket for outflow ,i.e (date) and date with no bracket for inflow of cash.
part II. which of the following transaction that is not included in cash flow statement ?
list only date___________,_____________,_______________,____
why not included ?____________________________________________________________________________
Part III. Identify only date that are operating activities categorizing as inflow and out flow
Inflow _________________________________________________
outflow________________________________________________
Part IV. Identify only date that are investing activities categorizing as inflow and (outflow) .
Inflow _________________________________________________
outflow________________________________________________
Part V. Identify only date that are Financing activities categorizing as inflow and (outflow)
Inflow _________________________________________________
outflow________________________________________________
Part VI. Net cash flow used /provided from operating activities ?-----------------------------------
Part VI. Net cash flow used /provided from investing activities ?========================
Part VI. Net cash flow used /provided from financing activities ?---------------------------------------
Part VII. What is ending Cash balance for the month ended october 31.================
Please submit 04/09/15 Friday At 2:30 before exam . 10%.
