The balance sheet and income statement for Bertha s

Bridal Boutique
The balance sheet and income statement for Bertha s Bridal Boutique

The balance sheet and income statement for Bertha's Bridal Boutique are presented along
with some additional information about the accounts. You are to answer the questions that
follow concerning cash flows for the period.

a. All accounts receivable and accounts payable are related to trade merchandise. Accounts
payable are recorded net and always are paid to take all the discounts allowed. The allowance
for doubtful accounts at the end of 2017 was the same as at the end of 2016; no receivables
were charged against the allowance during 2017.
b. The proceeds from the note payable were used to finance a new warehouse. Capital stock
was sold to provide additional working capital.
Required:
1. Calculate the cash collected during 2017 from accounts receivable.
2. Calculate the cash payments during 2017 on accounts payable to suppliers.
3. Calculate the cash provided from operations for 2017.
4. Calculate the cash inflows during 2017 from financing activities.
5. Calculate the cash outflows from investing activities during 2017.

The balance sheet and income statement for Bertha s Bridal Boutique
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