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Computing operating activities cash flow----indirect method The accounting records of DVD Sales, Inc. include the following accounts: Account Beginning balance Ending balance Cash $5,500 $3,000
Computing operating activities cash flow----indirect method
The accounting records of DVD Sales, Inc. include the following accounts:
Account | Beginning balance | Ending balance |
Cash | $5,500 | $3,000 |
Accounts receivable | 21,000 | 17,000 |
Merchandise inventory | 22,000 | 25,500 |
Accounts payable | 14,500 | 19,500 |
Accumulated Depreciation-Equipment
| 55,000 Jul.1 |
| 3,000 Depr.Exp. |
| 58,000 Jul.31 |
Retained earnings
| 65,000 Jul.1 |
| 65,000 Net Inc. |
Dividends 19,000 | 111,000 Jul 3 |
Compute DVDs net cash provided by (used for) operating activities during July 2015. Use the indirect method.
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