Post a New Question

Accounting

posted by .

I need to prepare a cash flow statement and determine total cash inflows and total cash outflows.

Rent for the month $650
Monthly take home salary $1,950
Cash in checking account $450
Savings account balance $1,890
Spending for food $345
Balance of educational loans $2,160
Current value of automobile $7,800
Telephone bill paid for the month $65
Credit card balance $235
Loan payment $80
Auto insurance $230
Household posessions $3,400
Stereo equipment $2,350
Payment for electricity $90
Lunches/parking at work $ 180
Donations $70
Home computer $1,500
Value of stock investment $860
Clothing purchase $110
Restaraunt spending $130

Here is what I have thus far
Income (cash inflows)
Salary $1,950
Stock investment $860
Cash Outflows
Fixed Expenses
Rent $650
Telephone $65
Loan payment $80
Auto insurance $230
Total fixed outflows $375
Variable Expenses
Lunches/parking at work $180
Restaurant spending $130
Clothing $110
Donations $70
Electricity $90
Food $345



I need some help categorizing the remaining expenses. Thanks in advance for your help

  • Accounting -

    The accounts I haven't placed on my cash flow sheet are:

    Cash in checking acct- $450
    Savings acct balance- $1,890
    Balance of educational loan - $2,160
    Current value of automobile - $7,800
    Credit card balance - $235
    Household posessions - $3,400
    Stereo Equipment - $2,350
    Home computer - $1,500

    *** I can do the cash flow statement however, I need help deciding where to place these entries***

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question