Blue Corporation Comparative Account Information Relating to Operations For the Year Ended December 31, 2023 2022 $42,000 Accounts receivable Prepaid insurance Accounts payable Interest payable Income tax payable Unearned revenue 2023 $58,800 5,250 61.950 49,350 630 4,410 21,000 . 6,300 1.575 6,300 14,700 Prepare a statement of cash flows (for operating activities only) for the year ended December 31, 2023, using the direct method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg. (15,000))

Blue Corporation Comparative Account Information Relating to Operations For the Year Ended December 31, 2023 2022 $42,000 Accounts receivable Prepaid insurance Accounts payable Interest payable Income tax payable Unearned revenue 2023 $58,800 5,250 61.950 49,350 630 4,410 21,000 . 6,300 1.575 6,300 14,700 Prepare a statement of cash flows (for operating activities only) for the year ended December 31, 2023, using the direct method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg. (15,000))

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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