Assignment 26 - 4-29 - P13-4 BETA Company Cash Flows for...

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BETA Company Cash Flows for Operating Activities Direct Method Cash Flows from Operating Activities: Receipts from customers $20,670 Payments to suppliers (8,992) Payments for salaries (4,991) Payments for rent (2,499) Payments for insurance (809) Payments for utilities (700) Payments for bond interest (600) Net cash from operating $2,079 BETA Company Cash Flows for Operating Activities Indirect Method Cash Flows from Operating Activities Net Loss $(400) Adjustments to Reconcile: Depreciation XP $2,000 Loss on Investments 400 Decrease in AR 70 Increase in Merchandise Inv. (22) Increase in AP 30 Increase in Salaries Payable 9 Increase in Rent Payable (4) Decrease in Prepaid Rent 5 Increase in Prepaid Insurance (9) Total Adjustments 2,479 Net cash from operating $2,079 P13-5 Statement of Cash Flows Spreadsheet Hunter Company For the Year Ended December 31, 2004 Dec. 31, 2003 DR CR Dec. 31, 2004 BALANCE SHEET Cash 18,000 26,000 (k) 44,000 Accounts Receivable 29,000 2,000 (b) 27,000 Merchandise Inv. 36,000
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This note was uploaded on 05/07/2008 for the course H ADM 121 taught by Professor Ddittman during the Spring '07 term at Cornell University (Engineering School).

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Assignment 26 - 4-29 - P13-4 BETA Company Cash Flows for...

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