P ACC Q4 C&DSUBJECT: PRINCIPLE OF ACCOUNTING PLEASE ANSWER ASAP (c)(d)|Khetos Mobile Sdn. Bhd have summarized 2021 activity in the Cash account asfollows:Beginning balanceCommon stockInterest revenueSales revenueCash87,200 Operating expenses60,200 Salaries and wages16,100 Note payable308,400 Income tax expense471.900Accounts payableDividendsInterestEquipmentEnding balance46,80064,50079,0007,500101,600Leleo Shop earned net income of RM67,000 after deducting depreciation ofRM10,000 and all other expenses. Current assets decreased by RM4,000, and currentliabilities increased by RM8,000.Compute the cashflow provided by the operating activities using the indirect method.1.40021.70049.50099,900471,900Prepare Khetos Mobile Sdn. Bhd's statement of cashflows for the year endedDecember 31, 2021, using the direct method to report operating activities

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(c) Khetos Mobile Sdn. Bhd have summarized 2021 activity in the Cash account as follows: Beginning balance Common stock Interest revenue Sales revenue Cash 87,200 Operating expenses Salaries and wages 60,200 16,100 Note payable 308,400 Income tax expense Accounts payable Dividends Interest 471.900 Equipment Ending balance 46,800 64,500 79,000 7,500 101,600 1.400 21.700 49.500 99,900 471,900 Prepare Khetos Mobile Sdn. Bhd's statement of cashflows for the year ended December 31 2021 using the direct method to report operating activities

(c) Khetos Mobile Sdn. Bhd have summarized 2021 activity in the Cash account as follows: Beginning balance Common stock Interest revenue Sales revenue Cash 87,200 Operating expenses Salaries and wages 60,200 16,100 Note payable 308,400 Income tax expense Accounts payable Dividends Interest 471.900 Equipment Ending balance 46,800 64,500 79,000 7,500 101,600 1.400 21.700 49.500 99,900 471,900 Prepare Khetos Mobile Sdn. Bhd's statement of cashflows for the year ended December 31 2021 using the direct method to report operating activities

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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