E9-68. Calculate cash from operating activities. (LO 2, 5 )
a. Cash paid for utilities
b. Cash paid for interest
c. Cash paid for inventory items
d. Cash collected from customers
From the Financial Statements for MF Company.
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Balance Sheet |
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Income Statement |
Beginning |
End |
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|
Amount for the Year |
of the Year |
of the Year |
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Sales revenue |
$314,250 |
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Accounts receivable |
$ 6,500 |
$ 1,200 |
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|
Utilities expense |
1 8,30 |
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Utilities payable |
1,500 |
2,700 |
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Cost of goods sold |
25,600 |
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Inventory |
7,800 |
6,000 |
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Accounts payable |
1,500 |
2,000 |
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Interest expense |
5,750 |
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Interest payable |
2,400 |
2,300 |
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