Question

Inland Equipment, Inc. assembled the following data related to its cash transactions for the year ended June 30, 2014:
Payment of dividends ............ $ 6,000
Proceeds from issuance of shares ..... 20,000
Collections from customers ........ 200,000
Proceeds from sale of land ........ 60,000
Payments to suppliers ............ 80,000
Purchase of equipment ......... 40,000
Payments to employees ......... 70,000
Payment of note payable ......... 30,000
Prepare Inland Equipment’s cash flow statement for the year ended June 30, 2014 using the direct method. Inland Equipment's cash balance at June 30, 2013 was $12,000.


$1.99
Sales1
Views71
Comments0
  • CreatedJuly 08, 2015
  • Files Included
Post your question
5000