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Expert Electronics, Incorporated ( EEl ) recognized $ 6 , 5 0 0 of sales revenue on account and collected $ 3 , 9 0
Expert Electronics, Incorporated EEl recognized $ of sales revenue on account and collected $ of cash from accounts
receivable. Further, EEl recognized $ of operating expenses on account and paid $ cash as partial settlement of accounts
poyoble.
Required
Bosed on this information slone:
a Prepore the operoting activities section of the statement of cosh flows under the direct method.
Note: Amounts to be deducted should be Indicated with a minus sign.
b Prepare the operating activities section of the statement of cosh flows under the indirect method.
Note: Amounts to be deducted should be Indicated with a minus sign.
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