Selected accounts of Ainsley Antiques show the following:

Requirement
1. For each account, identify the item or items that should appear on a statement of cash flows prepared by the direct method. State where to report theitem.

Transcribed Image Text:

Salary Payable Beginning bal 11,000 32,000 28,000 Payments 15,000 Salary expense Ending bal Buildings Beginning bal 75,000 Depreciation 86,000 Notes Payable 17,000 116,000 Book value of building sold 88,000 Acquisitions Ending bal Sale price was $120,000. 183,000 54,000 Issuance of note payable for cash 68,000 197,000 Beginning bal Payments Ending bal