Requlred information E12.4 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method)...
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Requlred information E12.4 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO122] [The following information applies to the questions displayed below] Suppose your company sells services of $230 in exchange for $160 cash and $70 on account. Depreciation of $90 relating to equipment also is recorded. Record the service revenue of $160 for cash and $70 on account. Note: Enter debits before credits. Journal entry worksheet Record the depreciation expense of $90. Note: Enter debits before credits
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