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To support herself while attending school, Daun Deloch sold stereo systems to other students. During the first year of operations, Daun purchased the sterea systems
To support herself while attending school, Daun Deloch sold stereo systems to other students. During the first year of operations, Daun purchased the sterea systems for $200,000 and sald them for $310,000 cash. She provided her customers with a one-year warrarty against defects in parts and labor. Based on industry slandards, she estimated that warranly claims would amournt to 3 percent of sales. During the year, she paid $3.420 cash to replace a defective tuner DAUN'S STEREOS Income Statement Question 1 STEREOS Question 3. Statement of Cash Flows Cash flow from operating activities What is Daun's total warranties liability at the end of the accounting period? Question 2. Nct cash low om operating aclivitios Cash flows from investing activities Cash flows fron financing activities Net change in cash Ending cash balance 1396, 63/px 1912 825px 100% 4:16 pM O Type here to search 1/19/2019 20
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