The cash flows below were extracted from the accounts of Ryan Smith, a music shop owner Required Prepare a statement of cash flows using the direct method Repayment of loan Sale of property Interest received Payments to employees Receipts from customers Expenses paid Computer equipment purchase GST...

Statement of Cash Flows Direct Method For the period ending ...

The cash flows below were extracted from the accounts of Ryan Smith, a music shop owner. Required

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The cash flows below were extracted from the accounts of Ryan Smith, a music shop owner.

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Prepare a statement of cash flows using the direct method.

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Accounting Business Reporting For Decision Making

ISBN: 9780730363415

6th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver

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Question Posted: Sep 07, 2022 01:14 AM

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The cash flows below were extracted from the accounts of Ryan Smith, a music shop owner. Required

Question:

Repayment of loan Sale of property Interest received Payments to employees Receipts from customers Expenses paid Computer equipment purchase GST paid Payments to suppliers Income taxes paid Beginning cash balance $390 000 390 000 1 560 78 000 273 000 23 400 23 400 780 156 000 3120 7 800

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