The cash flows below were extracted from the accounts of Ryan Smith, a music shop owner. Required
Question:
The cash flows below were extracted from the accounts of Ryan Smith, a music shop owner.
Required
Prepare a statement of cash flows using the direct method.
Transcribed Image Text:
Repayment of loan Sale of property Interest received Payments to employees Receipts from customers Expenses paid Computer equipment purchase GST paid Payments to suppliers Income taxes paid Beginning cash balance $390 000 390 000 1 560 78 000 273 000 23 400 23 400 780 156 000 3120 7 800
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
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