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all the things i have submitted are just guesses Aequired information (The following information applies to the questions disployed bolow.) The following financial statements and
all the things i have submitted are just guesses
Aequired information (The following information applies to the questions disployed bolow.) The following financial statements and additional information are reported. Additional leformation a A $30,000 eotes prymole is retred at ins $30,000 cartyimg bookif vilue in ewhange for cash. b. The ony changes affecting retained earings are net income and cash dididends paid c. Neer equipment is aceuiled for $61,600 cash. d. Heceived cash for the sale of equipment that had coat $52.600, yielding a $2,400 gain. e. Prepaid fxpenses and Wages Paghte relate to Operating Expenses on the inceme staberment. t. Af puchases and saces of itwertory are on credit Required: (1) Prepare a stitement of cash focms using the indirect methodfor the year ended Juno 30, 2021 Note: A movents to be deducted should be indicated with a minus sign. (1) Reculrodindotration Step by Step Solution
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