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prepare Statement of cash flows (direct method ). Hint: the loan to Pitchfork Co. is an investing activity. If you look at each of the
prepare Statement of cash flows (direct method ). Hint: the loan to Pitchfork Co. is an investing activity. If you look at each of the transactions, there were eight involving cash. Each of these appear on/effect the statement of cash flows somehow.
The following account balances were taken from the records of Larson Inc. at December 31, 2017 Larson provides landscaping services and lawn supplies to businesses in the local area. Debit Credite Cash Accounts receivablep Notes receivablep Supplies+ Equipment Buildings Land* Accumulated depreciation Accounts pavable Unearned service revenue Income tax pavable Notes pavable - long terme Mortgage pavable Common stockp Retained earningse Dividends? Service revenue Wages expense Operating expensese Depreciation expensew Income tax expense- Total 82,365 57,890 2,348 198,000 325,000 165,750 $ 60,000 23,478 7,500 60,000 216,000H 300,000 164,375p 831,353
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