Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how would i answer this? it wants me to Calculate the change in cash for the year. Start with the operating?activities, then complete the rest

how would i answer this?

it wants me to Calculate the change in cash for the year. Start with the operating?activities, then complete the rest of the statement. ?(Leave any unused cells blank. Enter decreases with parentheses or a negative?sign.)

The data is:

Cash sales collected from customers

$36,000

Cash received from sale of vehicle

5,200

Goodwill amortization expense for the year

3,200

Cash received from issuance of stock

71,000

Cash paid for salaries

19,000

Cash received from sale of land

21,400

Cash paid for other operating expenses

13,700

Cash paid to vendor for inventory

10,900

So far I got:

cash from operating activities:

CAsh collected from customers: $36000

image text in transcribed
Given the following information. calculate the change in cash for the year. a (Click on icon In View the transactions.) Calculate the change in cash for the year. Startwith the operating activities. then complete the rest of the statement. (Leave any unused cells blank. Enter decreases with parentheses or a negative sign.) (:th from operating activities Cash collected from mstnmers ........... 3 36,000 0 Data Tabla E Cash sales collected from customers Net cash provided (used) by operating activities Cash received from sale of Vehicle Goodwill amortization expense for the year Cash received from imuance ofslnck Cash paid for salaries Cash received from sale at land Cash paid tor other operating expenses Cash paid to vendorfor inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: W Steve Albrecht, Earl K Stice

11th Edition

0538746955, 9780538746953

More Books

Students also viewed these Accounting questions

Question

Distinguish the personal exemption from the dependency exemption.

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago