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The accounting records of DVD Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute DVD's net cash provided by
The accounting records of DVD Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute DVD's net cash provided by (used for) operating activities during July 2018. 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.) DVD Sales, Inc. Statement of Cash Flows (Partial) For the Month Ended July 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Data table Account Cash $ Beginning Balance 6,500 $ Ending Balance 3,500 Accounts Receivable 19,000 14,500 Merchandise Inventory 21,000 33,000 Accounts Payable 14,500 19,500 Accumulated Depreciation- Equipment Retained Earnings 52,000 Jul. 1 66,000 Jul. 1 3,500 Depr. Exp. Dividends 20,000 45,000 Net Inc. 55,500 Jul. 31 91,000 Jul. 31 Print Done
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