Water Ski Business has the following information in its Cash account for July: a Paid employees ($

Question:

Water Ski Business has the following information in its Cash account for July:

a Paid employees $\$ 9000$

b Paid suppliers $\$ 4000$

c Made cash sales of $\$ 22000$

d Collected $\$ 1600$ interest e Paid $\$ 1000$ interest f Collected $\$ 10000$ of accounts receivable.

Required:

Using the direct method, prepare the cash flows from the operating activities section of Water Ski Business' cash flow statement for July.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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Question Posted: Mar 02, 2024 11:01 PM

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Water Ski Business has the following information in its Cash account for July: a Paid employees ($

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Accounting Information For Business Decisions

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