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How do you figure cash paid for goods sold on a cash flow statement?
it is shown with changes in accounts payable amount if there is change in accounts payable it will shown in cash flow statement.
Increase in accounts payable Statement of Cash Flows?
Increase in accounts payable means increase in cash as if cash was paid there was no increase in accounts payable but as no payment done it saves the cash and causes the increase in actual cash.
What is the journal entry for interest on drawings?
Debit interest on drawingsCredit interest payable / cash
What accounts decrease with debit is it interest payable or prepaid insurance or cash?
cash
Does an increase in interest payable increase or decrease cash flow?
Increase in interest payable increases the cash flow of company as payment is not cleared when due and which causes temporary increase in company's cash flow
When using the indirect method how is the decrease in accounts payable shown on the statement of cash flows?
Decrease in accounts payable is shown as a decrease in cash under cash flows from operating activities because cash goes out when we pay the accounts payable.
Does cash flow statement show sales?
cash flow statement don't show the sales but changes in accounts receivable and payable are shown in it.
Which one affect of cash is cash dividend or account payable or depreciation or write of?
Cash dividend affects the cash and remaining items does not have any effect on cash like depreciation or accounts payable.
Does purchasing equipment with a note payable appear on the cash flow statement?
No it must be a fund flow statement
Micro Fish Company recognized 10000 of interest expense in 2007 The balance of the company's interest payable account decreased 2000 The amount of cash paid by the company for interest in 2007?
Company has paid 2000 cash for interest due to which interest payable reduced by 2000.
Which of Notes Payable Cash Interest Expense and Dividends are decreased with a debit?
Notes Payable - I hope that wasn't for an exam.
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
