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E13-13 The 2011 accounting records




*E13-13 The 2011 accounting records of Verlander Transport reveal these transactions and events.;Payment of interest $ 10,000 Collection of accounts receivable $182,000;Cash sales 48,000 Payment of salaries and wages 53,000;Receipt of dividend revenue 18,000 Depreciation expense 16,000;Payment of income taxes 12,000 Proceeds from sale of vehicles 12,000;Net income 38,000 Purchase of equipment for cash 22,000;Payment of accounts payable Loss on sale of vehicles 3,000;for merchandise 115,000 Payment of dividends 14,000;Payment for land 74,000 Payment of operating expenses 28,000;Instructions;Prepare the cash flows from operating activities section using the direct method. (Not all of the;items will be used.)


Paper#81183 | Written in 18-Jul-2015

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