the cash flows below were extracted from the accounts of miss mary mac a music shop 4375063

The cash flows below were extracted from the accounts of Miss Mary Mac, a music shop owner. $ Repayment of Loan ……………………. 50,000 Sale of property ………………………… 50,000 Interest received ……………………….. 2,000 Payments to employees ………………… 100,000 Receipts from customers ………………. 350,000 Expenses paid …………………………. 30,000 Computer equipment purchase ………… 30,000 Interest paid ……………………………. 1,000 Payments to suppliers …………………. 200,000 Income taxes paid ……………………… 4,000 Beginning cash balance ………………. 10,000 Prepare a statement of cash flows using the direct method. View Solution:
The cash flows below were extracted from the accounts of

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