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Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments 76,800 Equipment 289,600 6,400 296,000 Accrued Liabilities Oct 1 56,000 Receipts Oct 31 Oct 1 720,000 Receipts Oct 31 Accounts Receivable 12,800 835,200 Collections 179,200 22,400 Quarterly 48,000 Dividend 14,400 Accumulated Depreciation-Equipment Oct 1 Depreciation Oct 31 Oct 1 668,800 Purchases Oct 31 Retained Earnings Oct 1 32,000 Net Income Oct 31 72,000 8,000 Payments 80,000 100,800 40,000 108,800 Inventory 9,600 692,800 Cost of Sales 532,800 169,600 Accounts Payable Oct 1 534,400 Purchases Oct 31 I 24,000 692,800 182,400

Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments 76,800 Equipment 289,600 6,400 296,000 Accrued Liabilities Oct 1 56,000 Receipts Oct 31 Oct 1 720,000 Receipts Oct 31 Accounts Receivable 12,800 835,200 Collections 179,200 22,400 Quarterly 48,000 Dividend 14,400 Accumulated Depreciation-Equipment Oct 1 Depreciation Oct 31 Oct 1 668,800 Purchases Oct 31 Retained Earnings Oct 1 32,000 Net Income Oct 31 72,000 8,000 Payments 80,000 100,800 40,000 108,800 Inventory 9,600 692,800 Cost of Sales 532,800 169,600 Accounts Payable Oct 1 534,400 Purchases Oct 31 I 24,000 692,800 182,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The accounting records of Yukon Fur Traders include these accounts: (Click the icon to view the accounts.) Required Compute Yukoniset cash provided by (used for) operating activities during OctoberUse the indirect method. Do you see any potential problems in Yukontsash flows from operations? How can you tell? Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities
Transcribed Image Text:The accounting records of Yukon Fur Traders include these accounts: (Click the icon to view the accounts.) Required Compute Yukoniset cash provided by (used for) operating activities during OctoberUse the indirect method. Do you see any potential problems in Yukontsash flows from operations? How can you tell? Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities
Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments 76,800 Equipment 289,600 6,400 296,000 Accrued Liabilities Oct 1 56,000 Receipts Oct 31 Oct 1 720,000 Receipts Oct 31 Accounts Receivable 12,800 835,200 Collections 179,200 22,400 Quarterly 48,000 Dividend 14,400 Accumulated Depreciation-Equipment Oct 1 Depreciation Oct 31 Oct 1 668,800 Purchases Oct 31 Retained Earnings Oct 1 32,000 Net Income Oct 31 72,000 8,000 Payments 80,000 100,800 40,000 108,800 Inventory 9,600 692,800 Cost of Sales 532,800 169,600 Accounts Payable Oct 1 534,400 Purchases Oct 31 I 24,000 692,800 182,400 <
Transcribed Image Text:Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments 76,800 Equipment 289,600 6,400 296,000 Accrued Liabilities Oct 1 56,000 Receipts Oct 31 Oct 1 720,000 Receipts Oct 31 Accounts Receivable 12,800 835,200 Collections 179,200 22,400 Quarterly 48,000 Dividend 14,400 Accumulated Depreciation-Equipment Oct 1 Depreciation Oct 31 Oct 1 668,800 Purchases Oct 31 Retained Earnings Oct 1 32,000 Net Income Oct 31 72,000 8,000 Payments 80,000 100,800 40,000 108,800 Inventory 9,600 692,800 Cost of Sales 532,800 169,600 Accounts Payable Oct 1 534,400 Purchases Oct 31 I 24,000 692,800 182,400 <
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