The Following Data Are Taken From The Records of AinSoft Gaming Corp

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The following data are taken from the records of AinSoft Gaming Corp.

AinSoft has
beginning cash balance on July 1, 2019, of P 12,345,678.

Prepare cash flow statement for the year ended June 30, 2020.
Transactions
Additional investment of Mr. Minmin P 31,456,789
Cash paid to suppliers 980,000
Rent income 345,678
Proceeds from sale of equipment 567,890
Cash paid for advertising 123,456
Cash drawings 234,000
Payment of loan to DBPI Bank 345,000
Interest payment on loan 45,678
Purchase building 5,678,900
Payment of accounts payable 90,123
Dividend received 23,456
Collection from customers 2,345,000
Paid for utilities 78,900
Proceeds of bank loan 3,345,000
Proceeds from sales of trading 789,123
securities

The following data are taken from the records of AinSoft Gaming Corp. AinSoft has
beginning cash balance on July 1, 2019, of P 12,345,678.

Prepare cash flow statement for the year ended June 30, 2020.
Transactions
Additional investment of Mr. Minmin P 31,456,789
Cash paid to suppliers 980,000
Rent income 345,678
Proceeds from sale of equipment 567,890
Cash paid for advertising 123,456
Cash drawings 234,000
Payment of loan to DBPI Bank 345,000
Interest payment on loan 45,678
Purchase building 5,678,900
Payment of accounts payable 90,123
Dividend received 23,456
Collection from customers 2,345,000
Paid for utilities 78,900
Proceeds of bank loan 3,345,000
Proceeds from sales of trading 789,123
securities

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