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  • Projected One-Year Cash Flow Lip Redux Cash Flow Statement As of October 2020 Account Titles Debit Credit Source of Funds

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    mjmj.lorenzo0805
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    The projected one-year cash flow statement for Lip Redux shows cash inflows of $112,000 from the owner's capital investment, accounts receivable, and cash sales. Cash outflows total $52,500, including $10,000 for land and buildings, $7,500 for supplies, $13,000 for salaries, $3,000 for business permits, $12,000 for equipment, $2,500 for machinery, $1,550 for furniture and fixtures, and $5,500 for utilities. The net cash balance at the end of the year is projected to be $59,500.

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    The projected one-year cash flow statement for Lip Redux shows cash inflows of $112,000 from the owner's capital investment, accounts receivable, and cash sales. Cash outflows total $52,500, including $10,000 for land and buildings, $7,500 for supplies, $13,000 for salaries, $3,000 for business permits, $12,000 for equipment, $2,500 for machinery, $1,550 for furniture and fixtures, and $5,500 for utilities. The net cash balance at the end of the year is projected to be $59,500.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    Projected One-Year Cash Flow Lip Redux Cash Flow Statement As of October 2020 Account Titles Debit Credit Source of Funds

    Uploaded by

    mjmj.lorenzo0805
    The projected one-year cash flow statement for Lip Redux shows cash inflows of $112,000 from the owner's capital investment, accounts receivable, and cash sales. Cash outflows total $52,500, including $10,000 for land and buildings, $7,500 for supplies, $13,000 for salaries, $3,000 for business permits, $12,000 for equipment, $2,500 for machinery, $1,550 for furniture and fixtures, and $5,500 for utilities. The net cash balance at the end of the year is projected to be $59,500.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Projected One-Year Cash Flow

    Lip Redux
    CASH FLOW STATEMENT
    As of October 2020

    ACCOUNT TITLES DEBIT CREDIT


    Source of Funds
    Beginning Cash
    Capital Investment of the owner 5 0 0 0 0 0
    Accounts Receivable from the Customer 2 7 0 0 0 0
    Cash Sales 3 5 0 0 0 0
    Total Cash In 1 1 2 0 0 0 0

    Use of Funds
    Payment for land and building 1 0 0 0 0 0
    Payment for supplies 7 5 0 0 0
    Payment for salaries 1 3 0 0 0 0
    Payment for business permit 3 0 0 0
    Payment for equipment 1 2 0 0 0 0
    Payment for machinery 2 5 0 0 0
    Payment for furniture and fixture 1 5 5 0 0
    Payment for utilities 5 5 0 0 0
    Total Cash Out 5 2 3 5 0 0

    Net Cash Balance 5 9 6 5 0 0

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