Question
Just help filling in the Statement of Cash Flows. I may be missing detailed items, such as account/transactions names (under the activites listed). Other charts
Just help filling in the Statement of Cash Flows. I may be missing detailed items, such as account/transactions names (under the activites listed).
Other charts listed below the Statement of Cash Flows are correct. Placed them for infomation.
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On January 1, 2014, Mixon Co. borrowed cash from First City Bank by issuing a $54,500 face value, three-year term note that had a 6 percent annual interest rate. The note is to be repaid by making annual cash payments of $20,389 that include both interest and principal on December 31 of each year. Mixon used the proceeds from the loan to purchase land that generated rental revenues of $28,885 cash per year. |
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