Question: Computing operating activities cash flow----indirect method The accounting records of DVD Sales, Inc. include the following accounts: Account Beginning balance Ending balance Cash $5,500 $3,000

Computing operating activities cash flow----indirect method

The accounting records of DVD Sales, Inc. include the following accounts:

Account

Beginning balance

Ending balance

Cash

$5,500

$3,000

Accounts receivable

21,000

17,000

Merchandise inventory

22,000

25,500

Accounts payable

14,500

19,500

Accumulated Depreciation-Equipment

55,000 Jul.1

3,000 Depr.Exp.

58,000 Jul.31

Retained earnings

65,000 Jul.1

65,000 Net Inc.

Dividends 19,000

111,000 Jul 3

Compute DVDs net cash provided by (used for) operating activities during July 2015. Use the indirect method.

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