Business, 18.04.2020 02:20 jj1077348

Alex Company prepares its statement of cash flows for operating activities.
For the year ended December 31, 2018, Alex Company reports the following activity:
Sales on account $2,100,000
Cash sales1,110,000
Decrease in accounts receivable 915,000
Increase in accounts payable 108,000
Increase in inventory 72,000
Cost of goods sold 1,575,000
Required:
1. Record journal entries of above transactions.

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Alex Company prepares its statement of cash flows for operating activities.
For the year ende...

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