Question: QS 12-22B (Algo) Direct: Computing cash receipts from operations LO P5 Russell Company reports sales revenue of $32,400 and interest revenue of $7,400. Its comparative

QS 12-22B (Algo) Direct: Computing cash receipts from operations LO P5

QS 12-22B (Algo) Direct: Computing cash receipts from operations LO P5 Russell Company reports sales revenue of $32,400 and interest revenue of $7,400. Its comparative balance sheet shows that accounts receivable decreased $6,400 and interest receivable increased $1,600. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.)

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