Question
transactions that occurred in 31 Mac.2018 for XYZ ent. Sales RM2400 (Cash RM2,000, RM400 on Account), Cost of Goods Sold was RM2,000, Paid RM120 for
transactions that occurred in 31 Mac.2018 for XYZ ent.
Sales RM2400 (Cash RM2,000, RM400 on Account), Cost of Goods Sold was RM2,000, Paid RM120 for Supplies: Used RM80 of them; RM40 remain, Purchased RM2,000 of inventory; paid RM1500 Cash, RM500 on account.
a) Prepare the necessary Journal entries.
b) Prepare Cash Flows from Operating Activities using direct method
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
