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G. Leaks Statement of Cash Flows For the month ended April 30, 2019 Cash was provided by: Remittances from accounts receivable P 2,460 Cash Sales 530 Total Sources of Cash P 2,990 Cash was used for: Office Rent 1,200 Phone 110 Drawings 400 Salaries 800 Purchase of New Equipment 780 Total Uses of Cash 3,290 Net Increase (Decrease) in Cash for March (300) Cash Balance at Beginning of April 10,000 Cash Balance at End of April P 9,700 2. Adjust the given statement of cash flows based on the gathered transactions from the cash receipts and cash payments journals for G. Leaks for the month of June, 2019: a. Total cash sales: P 1,250 b. Total cash received from clients for sales on account P 2,875 c. Cash received from disposal of equipment P 350 d. Cash paid to Business Depot for office equipment: P 1,700 e. Cash paid to Star Blazing Advertisement P 425 f. Cash paid to Royal Estate for office rent P 1,200 g. Cash paid to Globe for communication expense P 65 h. The balance of the cash account as of May 2019 was P 5, 760 Using the given information above, prepare a statement of cash flow for G. Leaks for the month ended June 30, 2019 using direct method.
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