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Prepare the operating activities section of the statement

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Question - Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method.

Cash

45,000 increase

 

Accounts Payable

82,000 decrease

Accounts Receivable

27,000 decrease

 

Unearned Revenue

8,000 increase

Inventory

75,000 increase

 

Long Term Notes Payable  

30,000 increase

Office Supplies

1,600 decrease 

 

 

 

 

 

 

 

 

Depreciation Expense  

12,000 

 

Gain on Sale of Trucks

2,000

Net Income

61,500 

 

 

 

Reference no: EM131629747

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