following is accounting information taken from Woodrail Companys adjusted trial balance for 2019: In addition, the following

Question:

following is accounting information taken from Woodrail Company’s adjusted trial balance for 2019:

Debit Credit Sales Interest Revenue Cost of Goods Sold Salaries Expense Interest Expense Income Tax Expense $75,000 4,30

In addition, the following changes occurred in selected accounts during 2019:
Accounts Receivable ..........................$5,700 credit
Inventory ................................................9,800 debit
Accounts Payable ..................................7,000 credit
Salaries Payable ........................................900 debit
Interest Payable ........................................300 credit


Required:
Using the direct method, prepare the cash flows from operating activities section of the 2019 statement of cash flows for Woodrail.

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Related Book For  book-img-for-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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