Question

During the fiscal year ended September 30, 2010, Whitehouse Data, Inc., engaged in the following transactions:
a. Collected $75,000 on accounts receivable
b. Paid $125,000 on accounts payable related to operating expenses
c. Made cash sales of $275,000
d. Declared a 3-for-1 stock split
e. Paid salaries of $35,000
f. Recorded depreciation expense of $17,250
g. Issued common stock for $25,000
h. Repaid principal of mortgage for $295,000
i. Sold land for $150,000
j. Paid interest on mortgage in the amount of $17,800
k. Purchased new equipment for cash of $61,500
l. Paid operating expenses of $55,000
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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