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The accounting records provide the following information. Prepare an INDIRECT Cash Flow Statement as the end of Year 2. Justin Time Corp. Balance Sheet
The accounting records provide the following information. Prepare an INDIRECT Cash Flow Statement as the end of Year 2. Justin Time Corp. Balance Sheet End of Year 2 Cash Year 1 Year 2 880 692 Accounts Receivable Merchandise inventory Equipment, net Total assets Accounts payable 2,640 1.880 880 2,640 15,840 19,240 20.240 24,452 2,420 2,232 Salaries payable Bonds Payable Common Stock (no-par) 440 220 5,280 6,160 9,680 10,560 Retained earnings 2,420 5,280 Total liabilities and stockholder's equity 20.240 24,452
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