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Exercise 17-13 Your answer is partially correct. Try again. The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,000
Exercise 17-13 Your answer is partially correct. Try again. The 2020 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,000 Collection of accounts receivable $190,100 Cash sales 50,800 Payment of salaries and wages 57,100 Receipt of dividend revenue 18,800 Depreciation expense 16,300 Payment of income taxes 16,900 Proceeds from sale of vehicles 12,100 Net income 38,400 Purchase of equipment for cash 22,800 Payment of accounts payable Loss on sale of vehicles 2,900 for merchandise 115,600 Payment of dividends 14,200 Payment for land 73,300 Payment of operating expenses 28,300 Prepare the cash flows from operating activities section using the direct method. (Not all of the items will be used.) Blocker Transport Statement of Cash Flows Direct Method For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash receipts from Cash receipts from Customers Dividend Revenue Less cash payments: To Suppliers for Merchandise For Interest For Income Taxes Oldto DO For Operating Expenses For Salaries and Wages Net Cash Provided by Operating Activities
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