Question
Compute RVD's net cash provided by (used for) operating activities during July 2018. Use the indirect method. (Use a minus sign or parentheses for amounts
Compute RVD's net cash provided by (used for) operating activities during July 2018.
Use the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table leave the box empty; do not select a label or enter a zero.)
Account | Beginning Balance | Ending Balance | ||||
Cash |
| $6,500 | $3,500 | |||
Accounts Receivable |
| 18,000 | 13,000 | |||
Merchandise Inventory |
| 21,000 | 24,500 | |||
Accounts Payable |
| 14,500 |
|
| 20,500 |
|
Accumulated Depreciation |
| |||||||
Equipment |
| Retained Earnings | ||||||
| 51,000 | Jul. 1 |
| 61,000 | Jul. 1 | |||
|
| 2,500 | Depr. Exp. | Dividends | 19,000 | 45,000 | Net Inc. | |
| 53,500 | Jul. 31 |
| 87,000 | Jul. 31 |
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