Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:
Additional information provided:
Using the above information, please analyze the activity in the long-term notes payable account using the flowing T-account format:

Question

Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:
  Additional information provided:
  Using the above information, please analyze the activity in the long-term notes payable account using the flowing T-account format:

Quizplus · Accepted Answer

The Answer of Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:
  Additional information provided:
  Using the above information, please analyze the activity in the long-term notes payable account using the flowing T-account format:

Avatar Company Uses the Indirect Method to Prepare Its Statement