OneLogin Minbox (42)-x Anotated BI X ACCT 2301 X Question 2 x Green Brand X Project prop X Internal Prox Why isn't Pe X Book 2.xlsx G can you max NCTC Club: x G If you are prix + ezto.mheducation.com/ext/map/index.html?_con-con&external_browser-0&launchUrl-https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsCloseWindow.htm#/activity/question-group/kEZASs@KEPtyEnaOxqLAVI65.. Word Mail-Jal Knox-Ou.. OneLogin Canvas Free quadratic func.. ASTR 1403 ENG Homework Chapter 12 Seved Help Save & Exit Submit - ex * Reading list Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 6.66 points Expert Electronics, Inc. (EE) recognized $8,000 of sales revenue on account and collected $4,900 of cash from accounts receivable. Further, EEI recognized $3,700 of operating expenses on account and paid $2,100 cash as partial settlement of accounts payable. Required Based on this information alone: a. Prepare the operating activities section of the statement of cash flows under the direct method. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. Operating Activities - Direct Method Cash flows from operating activities: Cash receipts from customer Accounts payable Nel cash flow from operating activities $4,900 (2,100) $ 2,000 Mc Graw Hill b. Prepare the operating activities section of the statement of cash flows under the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. Operating Activities - Indirect Method Cash flows from operating activities: Net income Less: Increase in accounts receivable Plus: Increase in accounts payable 3,100 1,600 Return to question < Prev 2 of 3 Next > 11:02