Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, enter the adjustments needed to record the following transactions:
Issued Common Stock for $28,000
Issued new Long-Term Notes Payable for $34,000
Repaid Long-Term Notes Payable for $40,000

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The Answer of Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, enter the adjustments needed to record the following transactions:
Issued Common Stock for $28,000
Issued new Long-Term Notes Payable for $34,000
Repaid Long-Term Notes Payable for $40,000

Avatar Company Uses the Indirect Method to Prepare Its Statement