Use the information provided to prepare a cash flow statement for Starr Karaoke using the direct method
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a. Land 185,000 Cash 185,000 b. Dividends Payable 40,000 Cash 40,000 c. Furniture and Fixtures 43,000 Note Payable, Short-Term 43,000 d. Salaries Expense 19,000 Cash 19,000 Equipment 137,000 Cash 137,000 f Cash 125,000 Long-Term Investment in Bonds 125,000 g. Cash 80,000 Bonds Payable 80,000 h. Building 210,000 Note Payable, Long-Term 210,000 i Cash 85,000 Accounts Receivable 85,000 . Accounts Payable 39,000 Cash 39,000 k. Cash 140,000 Common Shares 140,000 Cash 8,000 Interest Revenue 8,000
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Related Book For
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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