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
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.5C
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