Balke Company reveals the following balances in selected accounts: Determine the operating cash flows using the direct
Question:
Balke Company reveals the following balances in selected accounts:
Determine the operating cash flows using the direct format.
Transcribed Image Text:
Accounts receivable Inventory Prepaid rent Accounts payable-inventory Accrued liabilities Wages payable Sales Cost of goods sold Rent expense Miscollanoous exponsos Wage expense May 31, 2010 $95,000 100,000 13,000 44,000 25,000 14,000 727,000 436,000 58,000 94,000 108,000 May 31, 2009 $120,000 68,000 16,000 52,000 15,000 12,000
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Accounts receivable beginning 95000 Add sales 727000 Maximum owed by customers 822000 Less cash rece...View the full answer
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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