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first was the question!! Required information [The following information applies to the questions displayed below. The following transactions apply to Ozark Sales for 2018: 1.
first was the question!! Required information [The following information applies to the questions displayed below. The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $49.000 from the issue of common stock 2 Purchased equipment inventory of $175,500 on account 3. Sold equipment for $190,000 cash (not including sales tax) Sales tax of 8 percentis collected when the merchandise is sold. The merchandise had a cost of $115.000. 4. Provided a six-month warranty on the equipment sold. Based on Industry estimates, the warranty claims would amount to 5 percent of sales. 5. Pald the sales tax to the state agency on $140,000 of the sales. 6. On September 1, 2018, borrowed $20,000 from the local bank. The note had a 7 percent interest rate and matured on March 1, 2019 7. Paid $5.800 for warranty repairs during the year 8. Paid operating expenses of $55.000 for the year. 9. Paid $124.900 of accounts payable 10. Recorded accrued interest on the note issued in transaction no. 6. Prepare the statement of cash flows for 2018. (Do not round intermediate whole dollar amount. Amounts to be deducted should be indicated with a OZARK SALES Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities OOK ASK $ 0 Print Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities ferences Net cash flows from financing activities Net change in cash 0 O Ending ons balance $ 2
first was the question!!
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