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The Robertson Restaurant's Ending balance sheets for 20X1 and 20x2 reveal the following amounts for its current accounts: 20X1 20X2 Current Assets: Cash Accounts
The Robertson Restaurant's Ending balance sheets for 20X1 and 20x2 reveal the following amounts for its current accounts: 20X1 20X2 Current Assets: Cash Accounts Receivable Food Inventory Prepaid Insurance Total Current Liabilities: Accounts Payable Accrued Expenses Taxes Payable Total $600 13,000 7,500 5,000 $26,100 $4,500 3,800 1,750 $10,050 $8,400 13,500 8,000 4,500 $34,400 $5,800 3,750 2,000 $11,550 Assume Robertson Restaurant's depreciation expense and net income for 20X2 were $4,800 and $2,000, respectively. Prepare the Cash from operating activies section of the Statement of Cash Flow. Note: The sum of your entries MUST equal the net change in cash on the balance sheet. If it does not, you have done this incorrectly
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