Business, 12.03.2021 14:50 lily3934

Cash and cash equivalents, Dec. 31 prior year-end $37,000 Cash and cash equivalents, Dec. 31 current year-end 104,044
Cash received as interest 3,700
Cash paid for salaries 107,300
Bonds payable retired by issuing common stock (no gain or loss on retirement) 140,000
Cash paid to retire long-term notes payable 185,000
Cash received from sale of equipment 90,650
Cash received in exchange for six-month note payable 37,000
Land purchased by issuing long-term note payable 81,200
Cash paid for store equipment 35,150 Cash dividends paid 22,200
Cash paid for other expenses 59,200
Cash received from customers 717,800
Cash paid for inventory 373,256

Required:
Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31.

Answers: 1

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Cash and cash equivalents, Dec. 31 prior year-end $37,000 Cash and cash equivalents, Dec. 31 curren...

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