Russell Company reports sales revenue of $32,400 and interest revenue of $7,400. Its comparative balance sheet shows that accounts receivable decreased $6,400 and interest receivable increased $1,600. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.) Cash Receipts from Operations (Direct) Cash provided by operating activities

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Chapter1: Financial Statements And Business Decisions
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QS 12-22B (Algo) Direct: Computing cash receipts from operations LO P5
Russell Company reports sales revenue of $32,400 and interest revenue of $7,400. Its comparative balance sheet shows that
accounts receivable decreased $6,400 and interest receivable increased $1,600. Compute cash provided by operating activities using
the direct method. (Amounts to be deducted should be indicated by a minus sign.)
Cash Receipts from Operations (Direct)
Cash provided by operating activities
Transcribed Image Text:QS 12-22B (Algo) Direct: Computing cash receipts from operations LO P5 Russell Company reports sales revenue of $32,400 and interest revenue of $7,400. Its comparative balance sheet shows that accounts receivable decreased $6,400 and interest receivable increased $1,600. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.) Cash Receipts from Operations (Direct) Cash provided by operating activities
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