Prepare a Statement of Cash Flows using the indirect method for the year ended 2020. Your Name, Inc.Your Name, Inc.Post Close Trial BalanceAdjusted Trial Balance2020 Entries andAdjustmentsDebits Credits277,200 259,1001,000194,0007,500198,00015,50031-Dec-1931-Dec-20DEBITS CREDITS17.0002,00014,000DEBITS CREDITS35,1001,000150,000CashMarketable SecuritiesAccounts Rec.330,0004,000180.00018,000Allowance for Bad Debt2,0005,5003,00015,0005,00030,000150,000InventoryPrepaid Insurance7.50030,000150,000LandBuildingAccumulated Dep. - BuildingEquipmentAccumulated Dep. - EquipmentAccounts PayableSalaries Payable45,0005,00050,000100,00020,000120,00020,0009,00023,000180,0001,10043,00012,0001,100177,000Unearned Revenue2,0002,000Interest PayableIncome Taxes PayableNote Payable1,1209,13656,0001,1209,13656,000100,00060,000100,00022,0003,0003,000100,00050,00080,00022,000333,000BondsCommon StockAdditional Pd-in-CapitalRetained Earnings10,00020,000333,000Additional Accounts:SalesCost of Goods SoldBad Debt ExpenseDepreciation Expense - EquipmentDepreciation Exp. - Build.Salaries ExpenseGain330,000330,000198,0007,50023,0005,00026,400198,0007.50023,0005,00026,400200200Interest ExpenseBond Interest ExpenseInsurance ExpenseTreasury StockDividends1,12010,00015,5002,8003,0001,12010,00015,5002,8003,000Revenue2,0002,000Income Tax Expense9,1361,312,656 1,312,656 795,056 795,0569,136

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Prepare a Statement of Cash Flows using the indirect method for the year ended 2020.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 21E: (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson...

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