Question: hello, PLS help me i have to prepare journal entry for all af this operations and do Cash Flow i need especially INDIRECT CASH FLOW
hello, PLS help me i have to prepare journal entry for all af this operations and do Cash Flow i need especially INDIRECT CASH FLOW Thank you))

Porter Corporation's balance sheet at December 31, 2011, is presented below. During January 2012, the following transactions occurred. Porter uses the perpetual inventory method. Jan. 1 Porter accepted a 4-month, 8\% note from Anderko Company in payment of Anderko's \$1,200 account. 3 Porter wrote off as uncollectible the accounts of Elrich Corporation (\$450) and Rios Company (\$280). 8 Porter purchased $17,200 of inventory on account. 11 Porter sold for $25,000 on account inventory that cost $17,500. 15 Porter sold inventory that cost $700 to Fred Berman for $1,000. Berman charged this amount on his Visa First Bank card. The service fee charged Porter by First Bank is 3%. 17 Porter collected $22,900 from customers on account. 21 Porter paid $16,300 on accounts payable. 24 Porter received payment in full (\$280) from Rios Company on the account written off on January 3. 27 Porter purchased advertising supplies for $1,400 cash. 31 Porter paid other operating expenses, $3,218. Adjustment data: 1. Interest is recorded for the month on the note from January 1. 2. Bad debts are expected to be 6% of the January 31, 2012, accounts receivable. 3. A count of advertising supplies on January 31, 2012, reveals that $560 remains unused. 4. The income tax rate is 30%. Required: a) Prepare Cash flow statement using indirect method (12 points) b) Journalize the transactions (8 points)
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