Please don't give solutions in an image format thank you The 2022 accounting records of Sheffield Transport provide the following information.Payment of interest$10,000Payment of salaries and wagesCash sales50,800Depreciation expenseReceipt of dividend revenue18,800Proceeds from sale of vehiclesPayment of income taxes16.900Purchase of equipment for cashNet income38,400Loss on sale of vehiclesPayment for merchandise97,600Payment of dividendsPayment for land73,300Payment of operating expensesCollection of accounts receivable 196,100Prepare the cash flows from operating activities section using the direct method.SHEFFIELD TransportStatement of Cash Flows-Direct MethodIROND:Cash receipts fromcash payments:수$$57,10016,300812,10022,8002.90014,20028,300

Statement of cash flows records movement of cash for a particular period of time. It is the…

The 2022 accounting records of Sheffield Transport provide the following information Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of interest Cash sales Receipt of dividend revenue 18.800 Payment of income taxes 16.900 Net income 38,400 Payment for merchandise 97,600 Payment for land 73,300 Collection of accounts receivable 196,100 Cash receipts from $10,000 cash payments: 50,800 Prepare the cash flows from operating activities section using the direct method. SHEFFIELD Transport Statement of Cash Flows-Direct Method IRUNDO Payment of dividends Payment of operating expenses + $57,100 16,300 812,100 22,800 2,900 14,200 28,300

The 2022 accounting records of Sheffield Transport provide the following information Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Purchase of equipment for cash Loss on sale of vehicles Payment of interest Cash sales Receipt of dividend revenue 18.800 Payment of income taxes 16.900 Net income 38,400 Payment for merchandise 97,600 Payment for land 73,300 Collection of accounts receivable 196,100 Cash receipts from $10,000 cash payments: 50,800 Prepare the cash flows from operating activities section using the direct method. SHEFFIELD Transport Statement of Cash Flows-Direct Method IRUNDO Payment of dividends Payment of operating expenses + $57,100 16,300 812,100 22,800 2,900 14,200 28,300

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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