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cant get the numgers right. direct method Check my work mode : This shows what is correct or incorrect for the work you have comple
cant get the numgers right. direct method
Check my work mode : This shows what is correct or incorrect for the work you have comple The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below $58,600 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries and wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 26.000 3,000 10,000 5,500 2,400 2,300 1,900 $ 7,500 Selected Balance Sheet Accounts Ending Balances Accounts Receivable $ 585 Inventory 890 Accounts Payable 45 Prepaid Rent 35 Prepaid Insurance 30 Salaries and wages Payable Utilities Payable 30 Beginning Balances 5 630 720 510 251 38 se 20 be Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. DIRECT PRODUCTS COMPANY Statement of Cash Flows Partial Selected Balance Sheet Accounts Ending Balances Accounts Receivable Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable $ SBS 890 445 35 30 80 30 Beginning Balances $ 630 720 510 25 38 50 20 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. DIRECT PRODUCTS COMPANY 7 (2.300) Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities Cash Payments for Insurance Cash Payments for interest Cash Payments for Rent Cash Payments for Salaries and Wages Cash Payments for Utilities Cash Payments to Suppliers Cash Receipts from Customers Net Cash Provided by Operating Activities S 2.300) Step by Step Solution
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