Marjean Hair Salon uses a modified cash basis. The financial statements for Marjean Hair Salon are presented here.

Instructions Prepare a statement of cash flows for the year 19x8.

Transcribed Image Text:

Marjean Hair Salon Income Statement For Year Ended December 31, 19x8 $ 117 130 00 Revenue: Service Income Expenses: Salary Expense Rent Expense Supplies Expense Insurance Expense Utilities Expense Depreciation Expense, Equipment Depreciation Expense, Furniture Interest Expense Miscellaneous Expense Total Expenses Net Income. $65 4 2 000 1200000 219000 460 00 168000 1920 00 83000 37000 11000 S 849 80 00 32 150 00