Table : TABLE 19-3 The Costas’ Financial Year
Sources of cashUses of cashNet
Purchases or sales of goods and servicesArtichoke sales: $100,000Farm operation and living expenses: $110,000−$10,000
Interest paymentsInterest received on bank account: $500Interest paid on mortgage: $10,000−$9,500
Loans and depositsFunds received from new loan: $25,000Funds deposited in bank: $5,500+$19,500
Total$125,500$125,500$0