PROBLEM:
The store has no accounts receivable (it accepts only cash or bank cards for payments). At year end, an employee earned $200, which the store had not yet paid. Also, at year-end, the store had not yet paid it most recent utilities bills, which totaled $150.
Receipts
Cash sales $155,000
Loan proceeds 21,000
Total receipts 176,000
Disbursements
Merchandise purchases ( all sold this year ) $84,000
Wages 33,000
Rent and lease payments 22,000
Other operating outlays 7,900
Purchase equipment 10,500
Total disbursements 157,400
Increase in Cash Balance $18,600
I need to prepare a cash flow statement my numbers are not coming correctly.