Intacc All Mar 19

A. Read and analyze the sample problem below. Answer the succeeding problem.
Type your answers ,

write them in a word file. Save your file as A2B Intacc3A_Surname_Cashflow SW. (20 points)
B. Read Matthew 6: 24-34 and reflect.Write a minimum 5 sentences for your reflection. Questions below
serve as your guide. (5 points)
> List 5 things you are worried the most and list 10 things you are grateful at the moment.
> Why do you think God let this COVID 19 happen today?
> What good things come out of this event for you and your family?
> How can you be a channel of God's love at this moment of uncertainty?
>Write a personal prayer to God Almighty .

Happy Writing! Courage and God loves you and your family.

Atkin Corporation provides the following account balances for 2025 and 2024:

12/31/25 12/31/24
Accounts Receivable .......................... P138,000 P 96,000
Inventory .................................... 206,000 168,000
Accounts Payable ............................. 90,000 68,000
Salaries Payable ............................. 16,000 20,000
Sales ........................................ 536,000
Cost of Goods Sold ........................... 396,000
Depreciation Expense ......................... 22,000
Salaries Expense ............................. 18,000
Other Expenses ............................... 56,000

Use the simultaneous analysis matrix to prepare the operating activities
a.
section of the statement of cash flows.
Prepare the operating activities section of the statement of cash flows under
b.
the indirect method.

1
Answer:
Statement of
Description Income Statement Adjustments Cash Flows
Sales 536,000 -42,000 494,000
-38,000 (412,000)
Cost of Goods Sold (396,000)
+22,000
Depreciation
Expense (22,000) +22,000 0
Salaries Expense (18,000) -4,000 (22,000)
Other Expenses (56,000) - (56,000)
Net Income 44,000 4,000

Operating activities:
Cash collected from customers ........................ P494,000
Cash paid for inventory .............................. 412,000
Cash paid for salaries ............................... 22,000
Cash paid for other expenses ......................... 56,000
Cash flow from operations .......................... P 4,000

b.

Net income ........................................... P44,000
Add: Depreciation .................................. 22,000
Increase in accounts payable .................. 22,000
Less: Increase in accounts receivable ............... (42,000)
Increase in inventory ......................... (38,000)
Decrease in salaries payable .................. (4,000)
Cash flow from operations ..................... P 4,000

Looking at how the above problem was solved, try the next problem:

2
Adlake Corporation provides the following account balances for 2025 and 2024:
12/31/25 12/31/24
Accounts Receivable .......................... P 70,600 P 62,400
Inventory .................................... 148,200 158,600
Accounts Payable ............................. 39,000 51,000
Short-term Notes Payable (for inventory) ..... 41,600 40,000
Sales ........................................ 616,600
Cost of Goods Sold ........................... 490,000
Depreciation Expense ......................... 18,200
Amortization Expense ......................... 2,600
Other Expenses ............................... 56,000
Loss on Sale of Building ..................... 3,000
Gain on Sale of Investments .................. 13,000

Use the simultaneous analysis matrix to prepare the operating activities
a.
section of the statement of cash flows.
Prepare the operating activities section of the statement of cash flows under
b.
the indirect method.

Statement of
Description Income Statement Adjustments Cash Flows
Sales
Cost of goods sold
Depreciation Expense
Amortization Expense
Other Expenses
Loss on Sale of
Building
Gain on Sale of
Investments
Net Income

Operating Activities:
Cash collected from customers ........................
Cash paid for inventory ..............................
Cash paid for other expenses .........................
Net cash flows from operating activities .............
b.
Net income ...........................................
Add: Depreciation ..................................
Amortization ..................................
Loss on sale of building ......................
Decrease in inventory .........................
Increase in short-term notes payable ..........
Less: Increase in accounts receivable ...............
Decrease in accounts payable ..................
Gain on sale of investments ...................
Cash flow from operations .....................
3
4

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A. Read and analyze the sample problem below. Answer the succeeding problem.

Type your answers ,

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