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The following Cash T - account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Cash
The following Cash Taccount shows the total debits and total credits to the Cash account of Thomas Corporation for the current year.
Cash
Debit Credit
Balance, December prior year $
Receipts from customers Payments for inventory $
Receipts from dividends Payments for wages
Receipts from land sale Payments for rent
Receipts from machinery sale Payments for interest
Receipts from issuing stock Payments for taxes
Receipts from borrowing Payments for machinery
Payments for stock investments
Payments for longterm notes payable
Payments for dividends
Payments for treasury stock
Balance, December current year $ question mark
Prepare a complete statement of cash flows for the current year using the direct method.
Note: Amounts to be deducted should be indicated with a minus sign.
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