Question
Current Attempt in Progress The 2020 accounting records of Tamarisk Transport Ltd. reveal these transactions and events. Payment of interest 11,800 Collection of accounts
Current Attempt in Progress The 2020 accounting records of Tamarisk Transport Ltd. reveal these transactions and events. Payment of interest 11,800 Collection of accounts receivable 224,200 Cash sales 63,720 Payment of salaries and wages 64,900 Receipt of dividend revenue 21,240 Depreciation expense 18,880 Payment of income taxes 18,880 Proceeds from disposal of plant assets 14,160 Net income 44,840 Purchase of equipment for cash 18,360 Payment of accounts payable Loss on disposal of plant assets 3,540 for merchandise 135,700 Payment of dividends 16,520 Payment for land 87,320 Payment of operating expenses 33,040 Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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