2. Using the following information, prepare the 2018 statement of cash flows, using the direct method for Zero One Company. Receipt cash dividend on investments RM3,000 Receipts from issuance of note payable RM10,000 Receipts from issuance of common stock RM10,000 Receipt from interest RM3,000 Receipt from customers RM88,000 Payment of dividends RM13,000 Purchase of plant assets RM75,000 Payment of note payable RM8,500 Payment to suppliers RM3,000 Payment to employees RM6,000 Payment for interest RM500 Payment for income tax RM3,500

2. Using the following information, prepare the 2018 statement of cash flows, using the direct method for Zero One Company. Receipt cash dividend on investments RM3,000 Receipts from issuance of note payable RM10,000 Receipts from issuance of common stock RM10,000 Receipt from interest RM3,000 Receipt from customers RM88,000 Payment of dividends RM13,000 Purchase of plant assets RM75,000 Payment of note payable RM8,500 Payment to suppliers RM3,000 Payment to employees RM6,000 Payment for interest RM500 Payment for income tax RM3,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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