Question: Compute RVD's net cash provided by (used for) operating activities during July 2018. Use the indirect method. (Use a minus sign or parentheses for amounts

Compute RVD's net cash provided by (used for) operating activities during July 2018.

Use the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table leave the box empty; do not select a label or enter a zero.)

Account

Beginning Balance

Ending Balance

Cash

$6,500

$3,500

Accounts Receivable

18,000

13,000

Merchandise Inventory

21,000

24,500

Accounts Payable

14,500

20,500

Accumulated Depreciation

Equipment

Retained Earnings

51,000

Jul. 1

61,000

Jul. 1

2,500

Depr. Exp.

Dividends

19,000

45,000

Net Inc.

53,500

Jul. 31

87,000

Jul. 31

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