Slide20 - The Direct Method Examining the cash column of...

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Unformatted text preview: The Direct Method Examining the cash column of Biwheels balance sheet equation, transactions 1, 2, 3, and 7 are financing and investing activities - The remaining transactions must be operating act Will I es : Binheels Company Cash Hm from Opening Activities—Died Ilelllod For lhe IIoth of Jamtu 2012 Cash payments for inrentory {lIansaclions 4 and 6) $(130,000) Cash payments to creatiors for accounts payable {transaction 9) (4,000) Cash coledions on accounts receivable (transaction 11) 5,000 Cash payments for rent {transaction 12) 6 000 Netcashusedbyoperatilgadjyihes 135000 ...
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