ASSIGNMENT‌‌3‌‌MODULE‌‌3 

‌ ‌
Andrea‌‌Joyce‌‌V.‌‌Claveria‌ 12‌‌ABM‌  ‌
Mr.‌‌Carlo‌‌Raulo‌‌established‌‌a‌‌consultancy‌‌firm.‌ ‌The‌‌following‌‌data‌‌are‌‌taken‌‌from‌‌the‌‌records‌‌
 
of‌‌Raulo‌‌Consultancy‌‌Services‌‌for‌‌the‌‌year‌‌2017.‌  ‌
 ‌
Consultancy‌‌fees‌‌received‌‌from‌‌clients‌ ‌Php‌‌500‌‌000‌  ‌

Cash‌‌receipts‌‌from‌‌clients‌ ‌600‌‌000‌  ‌

Proceeds‌‌of‌‌Metrobank‌‌loan‌ ‌350‌‌000‌  ‌

Cash‌‌purchase‌‌of‌‌van‌ ‌800‌‌000‌  ‌

Additional‌‌investment‌‌of‌‌C.‌‌Raulo‌ ‌900‌‌000‌  ‌

Dividends‌‌income‌‌received‌ 2
‌ 3‌‌000‌  ‌

Rent‌‌income‌‌received‌ ‌32‌‌000‌  ‌

Payment‌‌of‌‌operating‌‌expenses‌ ‌975‌‌000‌  ‌

Principal‌‌long‌-t‌erm‌‌paid‌ ‌600‌‌000‌  ‌

Asset‌‌withdrawal‌‌of‌‌owner‌ ‌125‌‌000‌  ‌

Proceeds‌‌from‌‌sale‌‌of‌‌land‌ 9
‌ 50‌‌000‌  ‌

Cash‌‌Balance‌‌on‌‌January‌‌1,‌‌2017‌‌is‌‌Php‌‌308‌‌000.‌  ‌

REQUIRED:‌‌Prepare‌‌a‌‌statement‌‌of‌‌Cash‌‌Flows.‌  ‌
 ‌
OPERATING‌  ‌ INVESTING‌  ‌ FINANCING‌  ‌

Consultancy‌‌fees‌‌received‌  Cash‌‌purchase‌‌of‌‌van,‌‌
  Proceeds‌‌of‌‌Metrobank‌‌loan,‌‌
 
from‌‌clients,‌‌500,000‌‌(R)‌  ‌ 800,000‌‌(P)‌  ‌ 350,000‌‌(R)‌  ‌

Cash‌‌receipts‌‌from‌‌clients,‌‌
  Proceeds‌‌from‌‌sale‌‌of‌‌land,‌‌
  Additional‌‌investment‌‌of‌‌C.‌‌
 
600,000‌‌(R)‌  ‌ 950,000‌‌(R)‌  ‌ Raulo‌‌900,000‌‌(R)‌  ‌

Dividends‌‌income‌‌received,‌‌
   ‌ Assets‌‌withdrawal‌‌of‌‌owner‌‌
 
23,000‌‌(R)‌  ‌ 125,000‌‌(P)‌  ‌

Rent‌‌income‌‌received,‌‌32,000‌‌
   ‌ Principal‌‌long-term‌‌paid,‌‌
 
(R)‌  ‌ 600,000(P)‌  ‌

Payment‌‌of‌‌operating‌‌
   ‌  ‌
expenses,‌‌975,000‌‌(P)‌  ‌
 ‌
 ‌
 ‌
 ‌
 ‌
 Raulo‌‌Consultancy‌‌Services‌  ‌
Statement‌‌of‌‌Cash‌‌Flows‌  ‌
For‌‌Year‌‌Ended‌‌December‌‌31,‌‌2021‌  ‌
 ‌
Cash‌‌Flow‌‌from‌‌Operating‌‌Activities‌  ‌  ‌  ‌

‌Receipts‌  ‌  ‌  ‌

‌Collection‌‌from‌‌
  Php‌‌500,000‌  ‌  ‌
consultancy‌‌fees‌  ‌

‌Collection‌‌from‌‌clients‌  ‌ 600,000‌  ‌  ‌

‌Dividend‌‌income‌  ‌ 23,000‌  ‌  ‌

‌Rent‌‌income‌  ‌ 32,000‌  ‌  ‌

‌Payments‌  ‌  ‌  ‌

‌Operating‌‌expenses‌  ‌ (975,000)‌  ‌  ‌

Net‌‌Cash‌‌from‌‌Operating‌‌Activities‌  ‌  ‌ Php‌‌180,000‌  ‌

 ‌  ‌  ‌

Cash‌‌Flow‌‌from‌‌Investing‌‌Activities‌  ‌  ‌  ‌

‌Receipts‌  ‌  ‌  ‌

‌Proceeds‌‌from‌‌sale‌‌of‌‌land‌  ‌ Php‌‌950,000‌  ‌  ‌

‌Payments‌  ‌  ‌  ‌

‌Purchase‌‌of‌‌equipment‌  ‌ (800,000)‌  ‌  ‌

Net‌‌Cash‌‌from‌‌Investing‌‌Activities‌  ‌  ‌ 150,000‌  ‌

 ‌  ‌  ‌

Cash‌‌Flow‌‌from‌‌Financing‌‌Activities‌  ‌  ‌  ‌

‌Receipts‌  ‌  ‌  ‌

‌Proceeds‌‌of‌‌bank‌‌loan‌  ‌ Php‌‌350,000‌  ‌  ‌

‌Additional‌‌investment‌‌of‌‌
  900,000‌  ‌  ‌
owner‌  ‌

‌Payments‌  ‌  ‌  ‌

‌Assets‌‌withdrawal‌‌of‌‌owner‌  (125,000)‌  ‌  ‌
 ‌Principal‌‌payment‌  ‌ (600,000)‌  ‌  ‌

Net‌‌Cash‌‌from‌‌Financing‌‌Activities‌  ‌  ‌ 525,000‌  ‌

Net‌‌Increase/Decrease‌‌in‌‌Cash‌  ‌  ‌ 855,000‌  ‌

Cash‌‌Balance‌‌-‌‌January‌‌1 ‌ ‌  ‌ 308,000‌  ‌

Cash‌‌Balance‌‌-‌‌December‌‌31‌  ‌  ‌ Php‌‌547,000‌  ‌
 ‌