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Reconcile Net Income and Net Cash Flows from Operations Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered
Reconcile Net Income and Net Cash Flows from Operations
Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions:
- Terry Mason invested $31,625 in Succulent Express in exchange for common stock.
- Paid $4,560 on February 1 for an insurance premium on a one-year policy.
- Purchased supplies on account, $1,380.
- Received fees of $39,710 during February.
- Paid expenses as follows: wages, $16,800; rent, $2,800; utilities, $1,400; and miscellaneous, $1,540.
- Paid dividends of $8,715.
There was $828 of supplies on hand as of February 28. Assume that adjusting entries for usage of supplies and expiration of prepaid insurance were recorded on February 28, 20Y4.
Based on the information above, determine the net cash flow from operating activities as of February 28, 20Y4.
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