Question

Use the data in Short Exercise and your results.
Happy Tot’s Learning Center has assembled the following data for the year ended June 30, 2014:
Payments to suppliers ............... $ 117,000
Cash payment for purchase of equipment ...... 42,000
Payments to employees ............. 72,000
Payment of notes payable ............ 25,000
Payment of dividends .............. 7,000
Cash receipt from issuance of stock ........ 18,000
Collections from customers ............ 190,000
Cash receipt from sale of land .......... 60,000
Cash balance, June 30, 2013 ............ 30,000

Prepare the business’s complete statement of cash flows for the year ended June 30, 2014, using the direct method for operating activities.



$1.99
Sales0
Views63
Comments0
  • CreatedJanuary 16, 2015
  • Files Included
Post your question
5000