Water Ski Business has the following information in its Cash account for July: a Paid employees ($

Question:

Water Ski Business has the following information in its Cash account for July:

a Paid employees \(\$ 9000\)

b Paid suppliers \(\$ 4000\)

c Made cash sales of \(\$ 22000\)

d Collected \(\$ 1600\) interest e Paid \(\$ 1000\) interest f Collected \(\$ 10000\) of accounts receivable.

Required:

Using the direct method, prepare the cash flows from the operating activities section of Water Ski Business' cash flow statement for July.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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