Question

During the fiscal year ended March 31, 2009, Fins & Feathers Pet Company engaged in the following transactions:
a. Collected $125,000 on accounts receivable
b. Paid interest of $5,000
c. Made cash sales of $225,000
d. Paid salaries of $45,000
e. Paid income taxes of $15,000
f. Recorded amortization expense of $35,000
g. Sold vehicle for cash of $12,000
h. Made payments to vendors of $85,200
i. Issued bonds for $375,000
j. Purchased new vehicle for cash of $37,000
k. Purchased land for cash of $350,000
l. Paid operating expenses of $29,800
Using the relevant transactions, prepare the cash from operating activities section of the statement of cash flows using the direct method.



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  • CreatedSeptember 01, 2014
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