Selected accounts of Jessie Antiques show the following: Requirement For each account, identify the item or items
Question:
Requirement
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 bal 8,000 21,000 6,000 ents 23,000 Salary expense Ending bal Buildings 60,000 Depreciation 90,000 Book value of building sold 89,000* 46,000 Beginning bal 15,000 uisitions Ending bal Sale price was $112,500. Notes Payable Beginning bal 176,000 for cash 56,000 182,000 Pa ents 50,000 Issuance of note Ending bal
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From Salary Payable account Salary Payments of 23000 would appear ...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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