Question: The 2014 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,060 Collection of accounts receivable $181,470 Cash Sales 48,740 Payment of salaries and wages 53,880 Receipt of dividend revenue 18,340 Depreciation expense 15,750 Payment of income taxes 12,030 Proceeds from sale of vehicles 12,120 Net income 37,450 Purchase of equipment for cash 22,930 Payment of accounts payable For merchandise 114,400 Loss on disposal of vehicles 3,340 Payment of dividends 14,550 Payment for land 73,730 Payment of operating expenses 28,390 Required: Prepare the cash flows from operating activities section using the direct method.
Question: The 2014 accounting records of Blocker Transport reveal these transactions and events. Payment of interest $10,060 Collection of accounts receivable $181,470 Cash Sales 48,740 Payment of salaries and wages 53,880 Receipt of dividend revenue 18,340 Depreciation expense 15,750 Payment of income taxes 12,030 Proceeds from sale of vehicles 12,120 Net income 37,450 Purchase of equipment for cash 22,930 Payment of accounts payable For merchandise 114,400 Loss on disposal of vehicles 3,340 Payment of dividends 14,550 Payment for land 73,730 Payment of operating expenses 28,390 Required: Prepare the cash flows from operating activities section using the direct method.
Chapter1: Financial Statements And Business Decisions
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The 2014 accounting records of Blocker Transport reveal these transactions and events.
Payment of interest
$10,060
Collection of accounts receivable $181,470
Cash Sales
48,740
Payment of salaries and wages
53,880
Receipt of dividend revenue
18,340
Depreciation expense
15,750
Payment of income taxes
12,030
Proceeds from sale of vehicles
12,120
Net income
37,450
Purchase of equipment for cash
22,930
Payment of accounts payable
For merchandise
114,400
Loss on disposal of vehicles
3,340
Payment of dividends
14,550
Payment for land
73,730
Payment of operating expenses
28,390
Required:
Prepare the cash flows from operating activities section using the direct method.
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