On January 1 2018 Moore a fastfood company had a balance in

On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the 2018 accounting period, the company had (1) net cash inflow from operating activities of $35,600, (2) net cash outflow for investing activities of $43,000, and (3) net cash outflow from financing activities of $24,500.

Required

Prepare a statement of cash flows.

Solution

Particulars Amount($) Net Cash flow from Operating Activities $35600 Net Cash flow from Investing Activities $(43000) Net Cash flow from Financing Activities $(24500) Net Change in Cash $(31900) Add:Beginning balance $54000 Ending cash balance $22100.