The following transactions pertain to the operations of Party Consultants, an events planning company owned by

During the month of August 2021, the ff. occurred:

July 31, 2021 Cash Balance: P 27,500

FINANCING 1. Received P180,000 cash investment from the owner. E

N/A 2. Provided P400,000 services on account.
N/A 3. Incurred P220,000 of operating expenses on account.
OPERATING 4. Collected P320,000 cash from accounts receivable. CA
FINANCING 5. Allowed a P30,000 cash withdrawal to the owner of the business. E
OPERATING 6. Paid P160,000 cash on accounts payable. CL
OPERATING 7. Performed services for cash, P30,000. CA
OPERATING 8. Paid cash for expenses, P12,000. CA
FINANCING 9. Obtained a 10% 3-year loan from a bank, P100,000. NCL
INVESTING 10. Acquired equipment for cash, P20,000. NCA
OPERATING 11. Paid insurance for 1yr, 12,000. CA
N/A 12. Depreciation for the month is P3,000.
N/A 13. Salaries accrued for the month is P2,000.
INVESTING 14. Acquired land for P1,000,000. The owner paid P150,000 and issued noteNCA
INVESTING 15. Sold old vehicle used in business for P70,000. NCA
lanning company owned by Elanor Tan. Part
Statem
For the month

Cash Flows from Operating Activities

Collection of A/R
Payment of A/P
Performance of service
Payment of expenses
Payment of insurance
Net cash provided by (used in

Cash Flows from Investing Activities

Acquisition of equipment
Acquisition of land
Sale of vehicle
Net cash provided by (used in

Cash Flows from Financing Activities

Owner's investment
Owner's withdrawal
3-year loan from a bank
Net cash provided by (used in
Net Increase/(Decrease) in Cash
Cash balance at the beginnin
Cash balance at the end of th
 Party Consultants
Statement of Cash Flow
For the month ended August 31 2021

s from Operating Activities

Collection of A/R P 400,000
Payment of A/P (160,000)
Performance of service 30,000
Payment of expenses (12,000)
Payment of insurance (12,000)
Net cash provided by (used in) operating activities 246,000

s from Investing Activities

Acquisition of equipment P (20,000)
Acquisition of land (150,000)
Sale of vehicle 70,000
Net cash provided by (used in) investing activities (100,000)

s from Financing Activities

Owner's investment P 180,000
Owner's withdrawal (30,000)
3-year loan from a bank 100,000
Net cash provided by (used in) financing activities 250,000
ase/(Decrease) in Cash 396,000
Cash balance at the beginning of the period 27,500
Cash balance at the end of the period 423,500