(Solved): cash flows Indicate where each item would appear on a statement of cash flows using the indirect me ...

Indicate where each item would appear on a statement of cash flows using the indirect method by placing an $$\mathrm{X}$$ in the appropriate column(s). (More than one column may be used.) On November 1, Jasper Company loaned another company $$\$100,000$$ at a $$6\%$$ interest rate. The note receivabie plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31 , and adjustments are only made at year-end. The adjusting entry needed on December 31 is: Multiple Choice No entry tequired. Debit Interest Receiveble. 5500 , credit interest Revenue, 5500 Debit latereat Expense, \$1,000; credt Note Poyable, $$\$1000$$.