1800 9300 e1420 steelerandjones

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Unformatted text preview: 2,200 $ E14–18 Martland Stores Operating Section Statement of Cash Flows (Direct Method) For the Year Ended December 31, 2012 Cash from operating activities: Cash receipts from revenues Cash payments for inventory Cash payments for wages Cash payments for insurance Cash payments for interest Net cash increase (decrease) due to operating activities 5,500 $ 97,500 (59,200) (16,500) (8,900) _(2,100) $ 10,800 7,700 E14–18 Concluded Martland Stores Operating Section – Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2012 Cash flows from operating activities: Net income (3,600) Adjustments: Depreciation expense Decrease in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in accounts payable Increase in wages payable Total adjustments 14,400 Net cash increase due to operating activities 10,800 $ $ 5,700 1,500 5,300 300 (5 0 0 ) 2,100 $ E14–19 Mako Retail Operating Section – Statement of Cash Flows (Direct Method) For the Year Ended December 31, 2012 Cash from operating activities: Cash receipts from revenues Cash payments for inventory Cash payments for wages Cash payments for rent Cash payments for interest Cash payments for taxes Net cash increase (decrease) due to operating activities $ 108,700 (58,800) (13,000) (8,400) (3,600) _ (4,400) $ 20,500 E14–19 Concluded Mako Retail Operating Section – Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2012 Cash flows from operating activities: Net income 11,200 Adjustments: Depreciation expense Loss on sale of equipment Increase in accounts receivable Decrease in inventory Decrease in prepaid rent Decrease in accounts payable Increase in wages payable Decrease in interest payable Increase in unearned revenue Total adjustments Net cash increase due to operating activities 20,500 $ $ 6,200 4,200 (2,200) 600 600 (3,400) 2,200 (7 0 0 ) _ 1,800 9,300 $ E14–20 Steeler and Jones Operating Section – Statement of Cash Flows (Direct Method...
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This homework help was uploaded on 03/03/2014 for the course ACCT 5053 taught by Professor Staff during the Fall '08 term at Oklahoma State.

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