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A summary of cash flows for Linda's Design Services for the year ended June 30th is shown below

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A summary of cash flows for Linda's Design Services for the year ended June 30th is shown below.

Cash receipts:

 

Cash received from customers $83 990

Cash received from additional investment by owner 25 000

Cash payments:

 

Cash paid for expenses $27 000

    Cash paid for land 47 000

    Cash paid for supplies 410

    Drawing 5 000

 

 

The cash balance as of July 1.  $40 600

   

                                                            

From the information above, answer the following questions in relation to the cash flows of Linda's Design Services for the year ended June 30. (Adapted from: C.S., Warren; J.M. Reeve; J., Duchac, "Accounting", 26th Ed., 2016)

1. Cash flows from operating activities
2. Cash flows from investing activities
3. Cash flows from financing activities
4. Net increase in cash during year
5. What is the ending cash balance of Linda's Design Services at the end of the period?

 

Important: Where you need to fill the blanks, write your answers in this format XX 000. (Formats like XX000 or XX,000 are not recognised as the right answers by the system.)

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