Question: Prepare a cash flow statement (direct method) with the following given statements Account Number Account name Cash at Bank 1001 1010 Accounts Receivable 1020 1030
Account Number Account name Cash at Bank 1001 1010 Accounts Receivable 1020 1030 1035 1040 1110 1111 1120 1121 2001 2010 2011 2020 2021 2035 3001 Buylt&sell'em Pty Ltd Trial Balance as at 31st January 2021 3010 3050 Inventory Prepaid Rent Prepaid Insurance Stationery Supplies Computers Accumulated Depreciation Office Computers Warehouse Equipment Accumulated Depreciation - Warehouse Equipment Accounts Payable Wages Payable PAYG payable Cleaning Payable Utilities Payable Prepaid Revenue Share Capital Retained Earnings Dividends Debit 17,191.00 5,600.00 11,970.00 1,800.00 845.00 4,500.00 38,000.00 79,906.00 Credit 300.00 9,600.00 9,500.00 1,197.00 50,000.00 9,309.00 79,906.00
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SOLUTION To prepare the cash flow statement using the direct method we need to analyze the changes in the companys accounts between the two given peri... View full answer
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