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Cruz Inc Statement of Operating Activities Indirect Method Direct Method
Cruz Inc Statement of Operating Activities Indirect Method Direct Method
Equity
Common stock, $5 par value 232,600.00 185,600.00 47,000.00
Retained earnings 36,300.00 6,600.00 29,700.00
Total liabilities & equity $325,900.00 $292,900.00 $33,000.00
- -
16-11
16-12
16-13
1)
Common stock issued for cash
Cash dividends paid during 2017
2)
Cash paid to reduce Notes payable in 2017
Notes payable 2016 71,600.00
Notes payable 2017 30,900.00
Cash paid to reduce Notes payable in 2016 40,700.00
(Decrease in notes payable)
QS 16-14B
Accounts receivable
Op Bal 51,700.00
Sales $501,300.00 $511,200.00 Cash collected from customers
Ques 2
Ques 3
Inventory
Op Bal 97,100.00
Purchases $312,900.00 $322,600.00 Cost of goods sold
Accounts payable
$21,500.00 Op Bal
Payments for purchases $319,000.00 $312,900.00 Purchases
ques 3
Expesnes 91,600.00
Add:opening wages payable 4,900.00
Less:closing wages payable (9,200.00)
Add:closing prepaid exp 5,500.00
less:opening prepaid (4,400.00)
payments for expenses 88,400.00
ques 4
Cash flow from operating activites
receipt from sales to customers $ 511,200.00
Payments for merchandise inventory $ (319,000.00)
payments for other expense $ (88,400.00)
payments for taxes $ (18,900.00)
(2700+17700-1500) -
Net cash provided by operating activities $84,900.00