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| 9 | Given the following cash flow statement for Supreme Industries for June, prepare a cash flow statement for July assuming collection of accounts receivable, inventory purchases, and operating expenses are the same as in June. | ||||||||
| June | |||||||||
| Begining Cash Balance | $4,400.00 | ||||||||
| Cash Inflows | |||||||||
| Collections of Accounts Recieveable | $11,500.00 | ||||||||
| Total Cash Flow | $11,500.00 | ||||||||
| Cash Outflows | |||||||||
| Inventory Purchase | $8,000.00 | ||||||||
| Operating Expenses | $4,450.00 | ||||||||
| Total Cash Outflow | $12,400.00 | ||||||||
| Ending Cash Balance | $3,400.00 | ||||||||
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