The accounting records of CD Sales, Inc. include the following accounts: Compute CD's net cash provided by
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Compute CD's net cash provided by (used for) operating activities during July 2018. Use the indirect method.
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Account Beginning Balance Ending Balance $ 7,500 $ 6,500 Cash Accounts Receivable 21,000 17,500 Merchandise Inventory 20,000 30,000 Accounts Payable 15,000 19,000 Accumulated Depreciation- Equipment 56,000 Jul. 1 Retained Earnings Jul. 1 63,000 Dividends 15,000 50,000 2,000 Depr. Exp. Net Inc. 58,000 Jul. 31 Jul. 31 98,000
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CD SALES INC Statement of Cash FlowsPartial For Month Ended July 31 2018 Cash Flow...View the full answer
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