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sub accounts The following information was taken from the books of the Zee Company...

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Accounting

imagesub accounts

The following information was taken from the books of the Zee Company for the year ended 31 December 2020. Cash Accounts Receivable Inventory Prepaid Expenses Accounts Payable Accrued salaries 1 January 2020 (RM) 386,000 567,800 672,400 24.000 527,400 36.000 31 December 2020 (RM) 345,000 554,300 693,000 27,000 510.000 39,500 The net profit reported on the statement of comprehensive income for the current period was RM465,000 which included a grin on sale of investments of RM3,000. Depreciation expense recorded on store equipment for the year amounted to RM99,800 RM Required: Using the indirect method prepare the operating activities section only. Cash Flows from Operating Activities RM Nel Profit before tax 465.000 (+) Depreciation expenses 99,500 - Cash 41.000 (-) Inventory 20.6001 6) Account Payable 17.400 (-) Account Receivable (13,500) Accrued Salaries (3.500) (-) Gain on Sale of Investments (3.000) I 266 200 266.200 Net increase decrease in cash during the year (-) Casli at beginning of period i Ianuary 2020) Updates Available 1:12 AM

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