Selected accounts of Elizabeth Antiques show the following: Requirement 1. For each account, identify the item or
Question:
Requirement
1. For each account, identify the item or items that should appear on a statement of cash flows prepared by the direct method. State where to report theitem.
Transcribed Image Text:
Salary Payable Beginning balance 14,000 42,000 36,000 ents 20,000 Salary ex Ending balance Buildings 100,000 Depreciation 155,000 Book value of building sold 117 116,000 Beginning balance 22,000 tions Ending balance Sale price was 160,000. Notes Payable Beginning balance 244,000 90,000 262,000 ents 000 Issuance of note payable for cash Ending balance
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Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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