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The accounting records of Sol Train include the following information: Collections on accounts receivable $100,000 Payments to suppliers 35,000 Accrual of payables at month end
The accounting records of Sol Train include the following information:
Collections on accounts receivable | $100,000 |
Payments to suppliers | 35,000 |
Accrual of payables at month end | 15,000 |
Credit sales | 150,000 |
Cash sales | 80,000 |
Depreciation expense | 15,000 |
Payment for expenses | 85,000 |
What amount of net cash provided by operating activities will Sol Train report?
$60,000 |
$45,000 |
$210,000 |
($40,000) |
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