Question: Bramble Corp. uses the direct method to prepare its statement of cash flows. Bramble trial balances at December 31, 2020 and 2019, are as follows.

Bramble Corp. uses the direct method to prepare its statement of cash flows. Bramble trial balances at December 31, 2020 and 2019, are as follows.

December 31

Debits

2020

2019

Cash

$34,900

$32,000

Accounts receivable

32,900

29,700

Inventory

31,000

47,000

Property, plant, & equipment

100,200

95,200

Unamortized bond discount

4,600

5,100

Cost of goods sold

251,300

380,500

Selling expenses

141,800

170,800

General and administrative expenses

136,300

150,800

Interest expense

4,400

2,600

Income tax expense

20,600

60,900

$758,000

$974,600

Credits
Allowance for doubtful accounts

$1,300

$1,100

Accumulated depreciationplant assets

16,700

15,200

Accounts payable

24,800

15,300

Income taxes payable

20,900

28,900

Deferred tax liability

5,400

4,700

8% callable bonds payable

45,100

20,000

Common stock

49,800

40,000

Paid-in capital in excess of par

9,100

7,500

Retained earnings

44,200

65,200

Sales revenue

540,700

776,700

$758,000

$974,600

Additional information:

1. Bramble purchased $5,000 in equipment during 2020.
2. Bramble allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
3. Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,800.

Determine what amounts Bramble should report in its statement of cash flows for the year ended December 31, 2020, for the following items.

(a) Cash collected from customers.

$

(b) Cash paid to suppliers.

$

(c) Cash paid for interest.

$

(d) Cash paid for income taxes.

$

(e) Cash paid for selling expenses.

$

Bramble Corp. uses the direct method to prepare its statement of cash

flows. Bramble trial balances at December 31, 2020 and 2019, are as

Bramble Corp. uses the direct method to prepare its statement of cash flows. Bramble trial balances at December 31, 2020 and 2019, are as follows. December 31 Debits 2020 2019 Cash $34,900 $32,000 Accounts receivable 32,900 29,700 Inventory 31,000 47,000 Property, plant, & equipment 100,200 95,200 Unamortized bond discount 4,600 5,100 Cost of goods sold 251,300 380,500 Selling expenses 141,800 170,800 General and administrative expenses 136,300 150,800 Interest expense 4,400 2.600 Income tax expense 20.600 60,900 $758,000 $974,600 Credits Allowance for doubtful accounts $1,300 $1,100 Accumulated depreciation-plant assets 16,700 15,200 Accounts payable 24,800 15,300 Income taxes payable 20,900 28,900 Deferred tax liability 5,400 4,700 Deferred tax liability 5,400 4,700 8% callable bonds payable 45,100 20,000 Common stock 49,800 40,000 Paid-in capital in excess of par 9,100 7,500 Retained earnings 44.200 65.200 Sales revenue 540,700 776.700 $758,000 $974,600 Additional information: 1. Bramble purchased $5,000 in equipment during 2020. 2. Bramble allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. 3. Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,800. Determine what amounts Bramble should report in its statement of cash flows for the year ended December 31, 2020, for the following items. (a) Cash collected from customers. $ (b) Cash paid to suppliers. $ (c) Cash paid for interest. $ (d) Cash paid for income taxes. $ (e) Cash paid for selling expenses. $

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