ACCTG 211 - direct method: which accounts to use

not all of the information is included

Accounts Receivable

Cash Collected from Customers Sales

Inventory

Cash Paid to Vendors for Inventory Cost of Goods Sold

Interest Payable

Cash Paid for Interest Interest Expense

Taxes Payable

Cash Paid for Taxes Income Tax Expense

Rent or Insurance Expense

Cash Paid for Rent or Insurance Prepaid Rent or Insurance

Wages or Salaries Payable

Cash Paid to Employees Wages or Salary Expense

Dividends Payable

Cash Paid for Dividends Dividends