The Robertson Restaurant's Ending balance sheets for 20X1 and 20x2 reveal the following amounts for its...

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The Robertson Restaurant's Ending balance sheets for 20X1 and 20x2 reveal the following amounts for its current accounts: 20X1 20X2 Current Assets: Cash Accounts Receivable Food Inventory Prepaid Insurance Total Current Liabilities: Accounts Payable Accrued Expenses Taxes Payable Total $600 13,000 7,500 5,000 $26,100 $4,500 3,800 1,750 $10,050 $8,400 13,500 8,000 4,500 $34,400 $5,800 3,750 2,000 $11,550 Assume Robertson Restaurant's depreciation expense and net income for 20X2 were $4,800 and $2,000, respectively. Prepare the Cash from operating activies section of the Statement of Cash Flow. Note: The sum of your entries MUST equal the net change in cash on the balance sheet. If it does not, you have done this incorrectly The Robertson Restaurant's Ending balance sheets for 20X1 and 20x2 reveal the following amounts for its current accounts: 20X1 20X2 Current Assets: Cash Accounts Receivable Food Inventory Prepaid Insurance Total Current Liabilities: Accounts Payable Accrued Expenses Taxes Payable Total $600 13,000 7,500 5,000 $26,100 $4,500 3,800 1,750 $10,050 $8,400 13,500 8,000 4,500 $34,400 $5,800 3,750 2,000 $11,550 Assume Robertson Restaurant's depreciation expense and net income for 20X2 were $4,800 and $2,000, respectively. Prepare the Cash from operating activies section of the Statement of Cash Flow. Note: The sum of your entries MUST equal the net change in cash on the balance sheet. If it does not, you have done this incorrectly

Answer rating: 100% (QA)

The image contains financial information for Robertson Restaurants ending balance sheets for two years 20X1 and 20X2 detailing current assets and curr... View the full answer