Calculate the cash flow in each of the following cases: a. Cash paid for rent: Rent expense Prepaid rent, January 11 Prepaid rent, December 31 Cash Flow $ $61,000 10,000 8,000 b. Cash received as interest: Interest income Interest receivable, January 1 Interest receivable, December 31 Cash Flow $ $17,000 3,000 3,700 c. Cash paid for merchandise purchased: Cost of goods sold Inventory, January 1 Inventory, December 31 Accounts payable, January 11 Accounts payable, December 31 Cash Flow $ $99,000 19,000 22,000 11,000 7,000

Calculate the cash flow in each of the following cases: a. Cash paid for rent: Rent expense Prepaid rent, January 11 Prepaid rent, December 31 Cash Flow $ $61,000 10,000 8,000 b. Cash received as interest: Interest income Interest receivable, January 1 Interest receivable, December 31 Cash Flow $ $17,000 3,000 3,700 c. Cash paid for merchandise purchased: Cost of goods sold Inventory, January 1 Inventory, December 31 Accounts payable, January 11 Accounts payable, December 31 Cash Flow $ $99,000 19,000 22,000 11,000 7,000

Name: 153.Subject :- Accounting Operating Cash Flows (Direct Method)Calculat
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Description: 153.Subject :- Accounting Operating Cash Flows (Direct Method)Calculate the cash flow in each of the following cases:a. Cash paid for rent:Rent expensePrepaid rent, January 11Prepaid rent, December 31Cash Flow$$61,00010,0008,000b. Cash received as in

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.19E

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