B. The following data are taken from the records of Mr. Dunkin Bakery. Mr. Baker has beginning cash balance on January 1, 2018, of P 32,346. Transactions Paid for utilities 2,387 20,000 Payment of...


B. The following data are taken from the records of Mr. Dunkin Bakery. Mr. Baker<br>has beginning cash balance on January 1, 2018, of P 32,346.<br>Transactions<br>Paid for utilities<br>2,387<br>20,000<br>Payment of loan to Arina Bank<br>Rent expense<br>3,500<br>Proceeds of bank loan to Shuga Bank<br>49,000<br>Bought investment stocks<br>10,000<br>Cash drawings<br>|Таx раyment<br>12,000<br>1,000<br>Collection from customers<br>32,784<br>Additional investment of Mr. Baker<br>25,000<br>Cash paid to suppliers<br>5,000<br>| Interest payment on loan<br>Interest received on bank savings<br>1,000<br>2,100<br>Payment of accounts payable<br>2,000<br>Purchase of utensils<br>600<br>| Cash paid for advertising<br>2,300<br>Required:<br>1. Prepare CFS for the year ended December 31, 2019.<br>

Extracted text: B. The following data are taken from the records of Mr. Dunkin Bakery. Mr. Baker has beginning cash balance on January 1, 2018, of P 32,346. Transactions Paid for utilities 2,387 20,000 Payment of loan to Arina Bank Rent expense 3,500 Proceeds of bank loan to Shuga Bank 49,000 Bought investment stocks 10,000 Cash drawings |Таx раyment 12,000 1,000 Collection from customers 32,784 Additional investment of Mr. Baker 25,000 Cash paid to suppliers 5,000 | Interest payment on loan Interest received on bank savings 1,000 2,100 Payment of accounts payable 2,000 Purchase of utensils 600 | Cash paid for advertising 2,300 Required: 1. Prepare CFS for the year ended December 31, 2019.

Jun 11, 2022
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