The cash flows below were extracted from the accounts of Martin Jones, 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 G...

Payments to suppliers and employees Payment to employees 63000 Expenses paid 16500 Payments ...

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

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The cash flows below were extracted from the accounts of Martin Jones, 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: 9780730369325

7th Edition

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

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Question Posted: Dec 19, 2022 01:47 AM

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

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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 $420 000 390 000 1560 63 000 295 000 16500 24 000 970 156 000 3120 8 800

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Accounting Business Reporting For Decision Making

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