Question 2 ( 20 marks) Hilo's Construction Co has recorded the following information for the...
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Accounting
Question 2 ( 20 marks) Hilo's Construction Co has recorded the following information for the month. You will need to calculate the opening cash balance. - Purchased new Truck $48,000 - Insurance paid $14,000 - Sale of old Truck $11,500 - Wages paid \$33,000 - Receive loan finance $51,000 - Office Rent \& outgoings paid - Pay loan interest $500 $9,430 - Pay back loan principal $800 - Dividends paid $5,000 - Contract of sales payment - Cash balance at end of month received $52,000 $43,400 a) Please prepare a cash flow statement from this information, including subtotals [12 marks] Cash flows from Operations Cash flows from Investing Cash flows from Financing
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