Business
Business, 27.05.2020 13:57, rebeccathecatt

The 2020 accounting records of Splish Brothers Inc. reveal these transactions and events. Payment of interest $ 10,400 Collection of accounts receivable $189,500 Cash sales 49,300 Payment of salaries and wages 57,700 Receipt of dividend revenue 17,900 Depreciation expense 15,100 Payment of income taxes 15,000 Proceeds from sale of vehicles 12,300 Net income 38,500 Purchase of equipment for cash 22,500 Payment of accounts payable Loss on sale of vehicles 3,300 for merchandise 115,400 Payment of dividends 14,900 Payment for land 73,400 Payment of operating expenses 28,400 Prepare the cash flows from operating activities section using the direct method

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The 2020 accounting records of Splish Brothers Inc. reveal these transactions and events. Payment of...

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