The accounting records of XYZ Sales, Inc. include the following accounts: Compute XYZs net cash provided by
Question:
Compute XYZ€™s net cash provided by (used for) operating activities during July 2016.
Use the indirect method.
Transcribed Image Text:
Account Cash Accounts Receivable Merchandise inventory Accounts Payable Beginning Balance 6,500 20,000 18,000 14,000 Ending Balance S 4,000 15,500 30,000 19,000 Accumulated Depreciation_ Equipment Retained Earnings 55,000 Jul. 1 4,000 Depr. Exp 59,000 Jul. 31 62,000 Jul. 1 Dividends 19,000 70,000 Net Inc 13,000 Jul. 31
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XYZ SALES INC Statement of Cash FlowsPartial For Month Ended July 31 2016 Cash ...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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