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O Points: 0 of 1 Save The accounting records of XYZ Sales, Inc. include the following accounts: (Click the icon to view the accounts) Compute
O Points: 0 of 1 Save The accounting records of XYZ Sales, Inc. include the following accounts: (Click the icon to view the accounts) Compute XYZ's not cash provided by used for) operating activities during July 2024. 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 loave the box empty, do not select a label or enter a zero) XYZ Sales, Inc. Statement of Cash Flows (Partial) For the Month Ended July 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expenso Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Net Cash Provided by (Used for) Operating Activities Heln me solve this nomadan - Data table Account Cash $ Accounts Receivable Beginning Balance Ending Balance 5,000 $ 2,500 20,000 14,500 19,000 31,000 13,000 18,000 Merchandise Inventory Accounts Payable Accumulated Depreciation- Equipment 54,000 Jul. 1 3,500 Depr. Exp. 57,500 Jul. 31 Retained Earnings 62,000 Jul. 1 Dividends 16,000 70,000 Net Inc. 116,000 Jul. 31 Print Done
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