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this is the only information given pter 4: Homework Indicate how the adjustments below affect the operating Investing, and financing activities on the statement of
this is the only information given
pter 4: Homework Indicate how the adjustments below affect the operating Investing, and financing activities on the statement of cash flows for a company with a December 31 year-end. Include + or - to indicate the direction of the effect of each along with the amount of the effect on cash. (If the transaction has no effect on operating, investing, and financing activities then select "None Select "NA" If there is no effect on the direction. Leave no cells blank. Enter"" wherever required.) An Type of Cash Flow Effect Direction of the Effect of the Effect None NA $ 6,000 Collected $1,520 rent for the period December 1 of the current year to April of next year, which was credited to Uneamed Rent Revenue on December 1 Purchased a machine for $48,000 cash on December 1 The company estimates annual depreciation at $3,600 NIA Paid $5,800 for a two-year insurance premium on July 1 of the current year, which was debited to Prepaid Expenses for that amount -nces 4. Estimated electricity usage at $530 for December, to be paid in January of next year On September 1 of the current your loaned $10,000 to an officer of the company who will repay the loan principal and interest in one year at an annual interest rate of 16 percent. Owed wages to 36 employees who each worked four days at $520 per day at the end of the current year. The company will pay employees at the end of the first week of the next year Show All item ENJA Financing Investing Operating None Step by Step Solution
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