The following information is available for Sentry Company for the first month of the year Revenues ....................................................$17,000

Question:

The following information is available for Sentry Company for the first month of the year

Revenues ....................................................$17,000

Expenses ......................................................$8,000

Increase in accounts receivable ......................$800

Decrease in inventory ..................................$1,200

Decrease in supplies .......................................$400

Increase in accounts payable .......................$1,050

Decrease in wages payable .............................$900

Depreciation expense ...................................$1,100

Patent expense ................................................$250

Determine the cash flow from operating activities for the month.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...