Question
In this exercise, you will use the indirect method to create a statement of cash flows in excel for Zee Co. These amounts relate to
In this exercise, you will use the indirect method to create a statement of cash flows in excel for Zee Co. These amounts relate to July of 2016
Net Income $4,500
Sale Machinery $21,000
Depreciation Expense $900
Purchase of Equipment $18,000
Accounts Receivable (beginning) $6,200
Notes Payable (beginning) $5,600
Account Receivable (ending) $5,100
Notes Payable (ending) $6,600
Account payable (beginning) $3,000
Travis Jackman, Drawing $3,000
Account Payable (ending) $4,800
Cash (beginning balance) $37,400
Use the techniques from his chapter to present the statements in good form.
kindly show all calculations clearly
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