Selected accounts of Rosemont Golf Company show the following:

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 the item.

Transcribed Image Text:

Salary Payable 8,000 21,000 Beginning bal Payments 23,000 Salary expense Ending bal 6,000 Buildings 60,000 Depreciation 90,000 Book value of building sold 46,000 15,000 89,000 Beginning bal Acquisitions with cash Ending bal Sale price was $112,000. Notes Payable Beginning bal 176,000 Payments 50,000 Issuance of note payable for cash 56,000 Ending ba 182,000