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Russell Co. reports sales revenue of $30,400 and interest revenue of $5,400. Its comparative balance sheet shows that accounts receivable decreased $4,400 and interest receivable
Russell Co. reports sales revenue of $30,400 and interest revenue of $5,400. Its comparative balance sheet shows that accounts receivable decreased $4,400 and interest receivable increased $1,100. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.) X Answer is not complete. Cash Receipts from Operations (Direct) Cost of goods sold X $ Interest receivable 34,800 X 4,300 Cash provided by operating activities $ 39,100
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