Answer to Question #243532 in Accounting for Another you

Question #243532

A. The cash account of ECHO Company has a beginning balance of 129,937.50. Its year end balance stands at 254,925.00. The summarized transactions of ECHO Company are shown below:
1. Cash received from customers - 725,175.00
2. Contributions of Owners - 137,500.00
3. Interest Paid - 8,085.00
4. Payments(other operating expenses) - 58,850.00
5. Payments to suppliers - 300,547.50
6. 24-month bank loans - 82,500.00
7. sale of computer equipment - 42,762.50
8. Purchase of equipment - 253,000.00
9. Salaries Paid - 19,992.50
10. Sale of delivery equipment - 6,875.00
11. Owners withdrawal - 229,350.00
(Required: Complete the Cash Flow Statement of ECHO Company for the year ended, 2020 below)
1. Cash flow operating activities
2. Cash flow from operating activities (cash flow from investing activities)
3. Cash flow from investing activities (cash flow from financing activities)
4. Cash flow from financing activities (Net change in cash; cash, january 1, 2020; cash, december 31 2020)

Expert's answer

Solution:

The cash flow statement is as per the below table: