Question
3. Determine the missing amounts from the information below for use in the cash flow statement, direct method. a. a machine that cost $
3. Determine the missing amounts from the information below for use in the cash flow statement, direct method. a. a machine that cost $ 97,000 and that had accumulated depreciation of $38,800 when it was sold, was sold for $62,200 in cash. CFI_$ CFO S SOURCE OR USE? SOURCE OR USE? b. Ace Co. shows beginning accounts receivables of $ 98,000 and ending accounts receivables of $91,000. Sales on account totaled $316,000. How much was collected from customers C. Castle co. shows the following information. Beginning inventory Ending inventory Cost of goods sold inventory purchases Accounts payables beginning Accounts payables ending Paid to suppliers $ 52,000 48,000 62,000 $ 23,000 27,000 S d. Dewitt shows the following for salaries payable. beginning salaries payables ending salaries payables salaries expense cash paid for salaries $213,000 87,000 114,000
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