Table :

TABLE 19-1 The Costas’ Financial Year

 

Sources of cash

Uses of cash

Net

Purchases or sales of goods and services

Artichoke sales: $100,000

Farm operation and living expenses: $110,000

−$10,000

Interest payments

Interest received on bank account: $500

Interest paid on mortgage: $10,000

−$9,500

Loans and deposits

Funds received from new loan: $25,000

Funds deposited in bank: $5,500

+$19,500

Total

$125,500

$125,500

$0