Cody Murphy, the manager of the Murphy Motel, reports that there were changes during July in several
Question:
Cody Murphy, the manager of the Murphy Motel, reports that there were changes during July in several current accounts as follows:
1. Accounts receivable increased by $4,000.
2. Inventory increased by $2,500.
3. Accounts payable increased by $4,500.
4. Wages payable increased by $2,000.
5. Payroll taxes payable increased by $1,200.
6. Dividends payable decreased by $10,000.
7. Marketable securities decreased by $8,000.
8. Accrued expenses increased by $3,500.
Required:
Indicate the impact on cash during the month of each change listed above.
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Related Book For
Financial Management For The Hospitality Industry
ISBN: 9780131179097
1st Edition
Authors: William P Andrew, James W Damitio
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