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The accounting records of CD Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute CD's net cash provided by (used
The accounting records of CD Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute CD's net 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 leave the box empty; do not select a label or enter a zero.) : a a X Data table CD 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: Account Cash Accounts Recelvable Beginning Balance Ending Balance S 7,500 $ 6,500 21,000 17,500 20,000 30,000 15,000 Merchandise Inventory Accounts Payable 19,000 Accumulated Depreciation- Equipment 56,000 Jul. 1 Retained Earnings 63,000 Jul. 1 15,000 50,000 Net Inc. 98,000 Jul. 31 Dividends 2,000 Depr. Exp. 58,000 Jul. 31 Net Cash Provided by (Used for) Operating Activities Print Done
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