Question: Using the following balance sheets for June 3 0 and September 3 0 , prepare a cash flow statement for the period using the indirect
Using the following balance sheets for June and September prepare a cash flow statement for the period using the indirect method.
Ellis Electronics
Balance Sheet
Assets
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Total Current Assets
Long Term Assets
Plent, Property, & Equipment
Less Accumulated Depreciation
Plant, Property, & Equipment Net
Other LongTerm Assels
Total LongTerm Assets
Total Assets
Liabilities and Owners Equity
Liabilities
Current Liabilities
Accounts Payable
Accrued Wages
Short term bank debt
Total Current Liabilities
table$$
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
