Homework Answers
cash inflow from operating activities is $331800
cash flow from operating activities=revenue earned + decrease in accounts recievables
revenue earned=$321700
decrease in accounts recievable=balance of accounts recievables at begining - balance of accounts recievables at ending
balance of accounts recievables at begining=$71500
balance of accounts recievables at ending=$61400
decrease in accounts recievable=$71500-$61400=$10100
cash flow from operating activities=$321700+$10100=$331800
working notes for accounts recievables for the missing amount.
the balance in accounts recievables at the begining is $71500 debit
during the period a $10100 amount of cash recieved in the accounts recievables so the entry wiil be
| debit | credit | |
| cash | 10100 | |
| accounts recievable | 10100 |
as accounts recievables is an asset account which will be credited when it decreases and cash is also an asset account which should be debited when it increases.therefore
the balance of accounts recievables at ending=the balance in accounts recievables at the begining - amount of cash recieved during the period.
the balance of accounts recievables at ending=$71500 - $10100=$61400
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