Tube Tunnel has the following information in its Cash account for July: i Paid employees: $18 000

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Tube Tunnel has the following information in its ‘Cash‘ account for July:

i Paid employees: $18 000 ii Paid suppliers: $8000 iii Cash sales: $44 000 iv Collected interest: $3200 v Paid interest: $2000 vi Collected accounts receivable: $20 000.

Required:

Using the direct method, prepare the cash flows from the operating activities section of Tube Tunnel’s cash flow statement for July.

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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Question Posted: Mar 15, 2024 01:01 AM

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Tube Tunnel has the following information in its Cash account for July: i Paid employees: $18 000

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Accounting Information For Business Decisions Accounting

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