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Additional Information Q. A $33,000 note payable is retired at its $33,000 carrying (book) value...

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Accounting

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Additional Information Q. A $33,000 note payable is retired at its $33,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid c. New equipment is acquired for $65,000 cash. d. Received cash for the sale of equipment that had cost $54,000 yielding a $2,900 gain e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Requirement General Journal General Ledger That Balance Direct Method Indirect Method Prepare the operating activities section of the statement of cash flows using the indirect method. Enter reductions to net cash provided by operating activities as negative values. nces Unadjusted - STREAMLINE INC. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities Adjustments to reconcile not income to net cash provided by operating activities $ (453,000) (453.000) (453,000) Not cash provided by operating activities, using the direct method

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