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Accounting Help! pts ABC Company is a manufacturing firm. At the beginning of July. ABC had a total inventory balance of $22.000. During the month
Accounting Help!
pts ABC Company is a manufacturing firm. At the beginning of July. ABC had a total inventory balance of $22.000. During the month of July, ABC had the following transactions. Purchased raw materials costing $7,000 Paid office staff salaries of $4,000 . Paid production staff salaries of $3,000 . Purchased office equipment costing $15,000 Purchased production equipment costing $34,000 . Recognized $3,000 depreciation on the office equipment Recognized $5,000 depreciation on the production equipment Sold $10,000 worth of finished goods for $51.000 cash Assume all transactions, except depreciation, are for cash. What is ABC Company's Net Cash Flow from Investing Activities for July? (S49,000) $41,000 (S34.000) $2,000 Next t
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