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  • Jul 22, 2008, 10:03 AM
    stuckinmath
    Cash Flow Statement
    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 possessions $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
    Restaurant 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
  • Jul 22, 2008, 04:25 PM
    stuckinmath
    UPDATE:

    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 possessions - $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***

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