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Income statement and balance sheet information Year End ThisYear End Super 7 Motel Year () Prior Year ($) Accounts Receivable Inventory Prepaid Expense Payables Accruals
Income statement and balance sheet information Year End ThisYear End Super 7 Motel Year () Prior Year ($) Accounts Receivable Inventory Prepaid Expense Payables Accruals 7,000 17,500 10,500 24,750 6,000 8,500 10,000 9,000 45,250 3,500 Cash Flows From Operating Activities Indirect Method Current Year $44,900 NET INCOME Adjustments to Reconcile Net Income To Cash Provided By Operating Activities Depreciation and Amortization Loss (Gain) on Sale of Property and Equipment Deferred Taxes Decrease/Increase in Accounts Receivable Decrease/Increase in Inventory Decrease/Increase in Prepaids Decrease/Increase in Payables Decrease/Increase in Accruals Net Cash Provided By Operating Activities a. What is the amount Rajesh should report for accounts receivable? Answer: b. What is the amount Rajesh should report for inventory? Answer: c. What is the amount Rajesh should report for prepaids? Answer: d. What is the amount Rajesh should report for payables? Answer: e. What is the amount Rajesh should report for accruals
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