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Unformatted text preview: prepaid expenses is added, the increase of $320 in wages payable is subtracted, and the decrease of $1,295 in accrued expenses is added to get cash payments to suppliers of $29,317. As with the prior calculations, the calculation changes with the direction of the change in the balances of the related balance sheet accounts. The operating expenses excluding depreciation expense would be decreased by a decrease in the prepaid expenses account's balance, increased by a decrease in the balance of the wages payable account, and decreased by an increase in the balance of the accrued expenses account....
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09