zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheer 13 Assignment iExercise 13-12A (Algo) Using a T-account to determine cash flow from operating activities LO 13-1ORiver Company began the accounting period with a $63,000 debit balance in its Accounts Receivable account. During the accountingperiod, River Company earned revenue on account of $340,800. The ending Accounts Receivable balance was $72,200.BookMcGrawHillSearch!1QAXRequiredBased on this information alone, determine the amount of cash inflow from operating activities during the accounting period. (Hint: Usea T-account for Accounts Receivable. Enter the debits and credits for the given events, and solve for the missing amount.)Cash inflow from operating activitiesF124xWSF24,#3EDF34)$4F4RFLDII%5F5TG< Prev*F6A6SavedYA10 of 16O WH*F7&7wwwwwwUNext >PrtScnJF8*8HomeF99KEndOF10)0PgUp FIP-

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Description: zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheer 13 Assignment iExercise 13-12A (Algo) Using a T-account to determine cash flow from operating activities

Cash flow statement summarizes a company's inflow and outflow of cash.

Business

Accounting

Exercise 13-12A (Algo) Using a T-account to determine cash flow from operating activities LO 13-1 River Company began the accounting period with a $63,000 debit balance in its Accounts Receivable account. During the accounting period, River Company earned revenue on account of $340,800. The ending Accounts Receivable balance was $72,200. Required Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period. (Hint: Use a T-account for Accounts Receivable. Enter the debits and credits for the given events, and solve for the missing amount.) Cash inflow from operating activities

Exercise 13-12A (Algo) Using a T-account to determine cash flow from operating activities LO 13-1 River Company began the accounting period with a $63,000 debit balance in its Accounts Receivable account. During the accounting period, River Company earned revenue on account of $340,800. The ending Accounts Receivable balance was $72,200. Required Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period. (Hint: Use a T-account for Accounts Receivable. Enter the debits and credits for the given events, and solve for the missing amount.) Cash inflow from operating activities

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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QUESTION 12 Brown Company's bank statement for September 30 showed: 6 poinis Bank statement balance Book balance of cash $2.790 $3.724 The following information was also available as of September 30: a. A customer's check for $150 marked NSF was returned to Brown Company by the bank. In addition, the bank charged the company's account a $10 processing fee. b. The September 30 cash receipts, $3,000 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. C. Outstanding checks amounted to $2,190. d. A check for rent expense was written for $326 but by mistake was recorded in the accounting records as $362. Required: Prepare bank reconciliation as of September 30.
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Required Information Exercise 12-10A (Algo) Determining cash flows from Investing activities LO 12-3 [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets: Account Title Investment securities Machinery Land Other Information drawn from the accounting records: Year 2 $ 104,300 524,400 143,300 1. Delsey Incurred a $1,210 loss on the sale of Investment securities during Year 2. 2. Old machinery with a book value of $4,860 (cost of $25.120 minus accumulated depreciation of $20,260) was sold. The Income statement showed a gain on the sale of machinery of $4,670. 3. Delsey did not sell land during the year. Exercise 12-10A (Algo) Part e e. Prepare the investing activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. DEL SEY COMPANY Statement of Cash Flows (Investing Activities) For the Year…
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Kimmel, Financial Accounting, Se IS Helo I System Announcements CALCMA Exercise 7-12 A new accountant at Teal Mountain Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balane sthoet d 1. $68 of currency and coin in a locked box used for incidental cash transactions. 2. A$11,000 U.S. Treasury bill, due May 31, 2017. 3. $295 of April-dated checks that Teal Mountain has received from customers but not yet deposited. 4. An $94 check received from a customer in payment of its April account, but postdated to May 1. 5. $4,260 in the company's checking account. 6. $6,040 in its savings account. 7. $68 of prepaid postage in its postage meter. 8. A $38 IOU from the company receptionist. (a) What balance should Teal Mountain report as its "Cash and cash equivalents" balance at April 30, 2017? Cash and cash equivalents balance at April 30, 2017 %24 Click if you would like to Show Work for this question:…