ssignment:
Identify which category (operating, financing, and investment activit
ssignment:
Identify which category (operating, financing, and investment activities) do the items below belong to.
Cash from customers
Wages and salaries
Cash paid to vendors
Purchase of property and equipment
Payments on line of credit
With the transactions below, create a cash flow statement under the direct method.
Cash received from customers: $5,000
Cash paid to employees: $10,000
Cash paid on interest: $1,000
Proceeds from line of credit: $100,000
Purchase of machinery: $8,000
Write a summary describing what you did in this assignment.
Record audio and video showing your work (approximately 6-8 minutes