Business
Business, 18.10.2021 23:40, andreanaapollon6337

Bought equipment for cash, $60,550. Paid $16,310 on the long-term note payable. Issued new shares of stock for $36,600 cash. Dividends of $840 were declared and paid. Other expenses all relate to wages. Accounts payable includes only inventory purchases made on credit. Required: 1. Prepare the statement of cash flows using the direct method for the year ended December 31, current year

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Bought equipment for cash, $60,550. Paid $16,310 on the long-term note payable. Issued new shares of...

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