e13-8 - Name Date Instructor Course rd Managerial...

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FileName: 04743f07e0873e4c93315b89f21389bbb97e78be.xls, Tab: Exercise E13-8, Page 1 of 2, 12/28/2011, 19:01:45 Name: Date: Instructor: Course: Beltless had revenues of $182,000 and operating expenses of $78,000 Accounts receivable and accounts payable at year-end $60,000 and $18,000 respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Instructions: Compute net cash provided by operating activities using the direct method. Revenues Amount Title Amount Title Formula Title Amount Title Amount Title Formula Net cash provided by operating activities Formula Balance, Beginning of year Amount Title Amount Formula Title Amount Cash receipts for year Formula ** Accounts Payable Balance, Beginning of year Amount Title Amount Formula Title Amount Payments for the year Formula Managerial Accounting, 3 rd Edition, by Weygandt, Kieso, and Kimmel Solving Managerial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse Exercise E13-8, Beltless Company completed its first year of operations on December 31, 2005. Its initial income statement showed that * * Accounts Receivable
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