Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 49

Statement of Cash Flows
On the basis of the information for Prestwick Company in Exercise 2.13, prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $7,200.
EXERCISE
Income Statement
An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015:

Prepare a revised income statement in accordance with generally accepted accounting principles.