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Prepare the operating activities section of the statement of cash flows using the indirect method. Enter reductions to net cash provided by operating activities as

Prepare the operating activities section of the statement of cash flows using the indirect method. Enter
reductions to net cash provided by operating activities as negative values. Inventory
No. Date Debit Credit Balance
June 3090,000
2 June 3025,00065,000
Prepaid expenses
No. Date Debit Credit Balance
June 306,200
4 June 301,2005,000
Equipment
No. Date Debit Credit Balance
June 30139,000
5 June 3055,00084,000
8 June 3066,000150,000
Accumulated depreciation - Equipment
No. Date Debit Credit Balance
June 3013,000
3 June 3067,00080,000
5 June 3041,00039,000
Accounts payable
No. Date Debit Credit Balance
June 3034,000
2 June 306,00028,000
Wages payable
No. Date Debit Credit Balance
June 3018,000
4 June 3011,0007,000
Income taxes payable
No. Date Debit Credit Balance
June 305,400
6 June 305004,900
Notes payable (long-term)
No. Date Debit Credit Balance
June 3070,000
7 June 3035,00035,000
Common stock, $5 par value
No. Date Debit Credit Balance
8 June 30180,000
9 June 3070,000250,000
Retained earnings
No Date Debit Credit Balance
June 3033,000
12 June 30115,950148,950
13 June 30103,45045,500
Sales
No . Date Debit Credit Balance
June 300
11 June 30787,000787,000
10 June 30787,0000
Cost of goods sold
No. Date Debit Credit Balance
June 300
2 June 30481,000481,000
11 June 30481,0000
Depreciation expense
No. Date Debit Credit Balance
June 30

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