Question: Prepare Statement of Cash flow Using Direct and Indirect Method. Account Cash DAILY DRIVER, INC. Adjusted Trial Balance At December 31 Supplies Prepaid Insurance Equipment
Prepare Statement of Cash flow Using Direct and Indirect Method.
Account Cash DAILY DRIVER, INC. Adjusted Trial Balance At December 31 Supplies Prepaid Insurance Equipment Accumulated Depreciation Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expens Supplies Expense Depreciation Expenses Insurance Expense Fuel Expense Income Tax Expense Debit $1,000.00 $30.00 $0.00 $40,000.00 Credit $4,800.00 $800.00 $1,000.00 $25,000.00 $5,430.00 $19,570.00 $9,600.00 $120.00 $2,400.00 $1,200.00 $1,250.00 $1,000.00 $56,600.00 $56,600.00
Step by Step Solution
There are 3 Steps involved in it
Statement of Cash Flows using the Direct Method DAILY DRIVER INC Statement of Cash Flows For the Yea... View full answer
Get step-by-step solutions from verified subject matter experts
