( Preparation of a Statement of Cash Flows and Balance Sheet)
Aero Inc. had the following balance sheet at December 31, 2013. AERO INC. BALANCE SHEET DECEMBER 31, 2013 Cash $ 20,000 Accounts payable $ 30,000 Accounts receivable 21,200 Bonds payable 41,000 Investments 32,000 Common stock 100,000
23-8( SCF— Direct and Indirect Methods)
3
6 8
Comparative balance sheet accounts of Sharpe Company are presented below. =================================================