Question
Question 1 Item 2019 2020 Sales 258,500 Interest Income 6,200 Rent Expense 11,000 Tax Payable 1,500 2,100 Interest Payable 2,800 2,100 Electricity Expense 2,500 Prepaid
Question 1
Item | 2019 | 2020 |
|
|
|
Sales |
| 258,500 |
Interest Income |
| 6,200 |
Rent Expense |
| 11,000 |
Tax Payable | 1,500 | 2,100 |
Interest Payable | 2,800 | 2,100 |
Electricity Expense |
| 2,500 |
Prepaid Expenses | 5,200 | 7,100 |
Doubtful Debts Expense |
| 3,100 |
Accounts Payable | 21,900 | 18,300 |
General Expenses |
| 26,000 |
Insurance Expense |
| 3,200 |
Inventory | 71,500 | 69,100 |
Interest Expense |
| 11,100 |
Depreciation Expense - Buildings |
| 21,000 |
Interest Receivable | 200 | 450 |
Sales Returns |
| 4,800 |
Accounts Receivable | 41,600 | 47,500 |
Discount Received |
| 9,100 |
Wages Expense |
| 31,900 |
Expenses Payable | 5,700 | 6,200 |
Cost of Sales |
| 91,300 |
Discount Allowed |
| 3,700 |
Tax Expense |
| 12,500 |
Depreciation Expense Equipment |
| 9,100 |
Required
Complete the cash flow statement on page 5 of this document. Please show your calculations on the document. You can take a photo of your calculations if you do them by hand and then insert the photo into this document, but I want to see your calculations as well as your answers to both questions.
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