Complete the statement of sources and uses of cash from the following entries:           Net income $ 3,500   Dividends   900   Additions to inventory   320   Additions to receivables   350   Depreciation   290   Reduction in payables   750   Net issuance of long-term debt   500   Sale of fixed assets   260     Sources                                                                           ___________ Additions to inventory                                              ____________ Decrease in Accounts Payable Depreciation Increase in Accounts receivable   Cash from operations Additions to inventory                                               ___________ Decrease in accounts payable                                 ___________ Depreciation Increase in accounts receiveable Total Sources Uses Additions to inventory                                                     ___________ Decrease in accounts payable                                       ___________ Depreciation                                                                    ____________ Increases in accounts receiveable                               _____________ Total Uses                                                                       ____________

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...
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Complete the statement of sources and uses of cash from the following entries:

 

       
Net income $ 3,500  
Dividends   900  
Additions to inventory   320  
Additions to receivables   350  
Depreciation   290  
Reduction in payables   750  
Net issuance of long-term debt   500  
Sale of fixed assets   260  
 

Sources                                                                           ___________

Additions to inventory                                              ____________

Decrease in Accounts Payable

Depreciation

Increase in Accounts receivable

 

Cash from operations

Additions to inventory                                               ___________

Decrease in accounts payable                                 ___________

Depreciation

Increase in accounts receiveable

Total Sources

Uses

Additions to inventory                                                     ___________

Decrease in accounts payable                                       ___________

Depreciation                                                                    ____________

Increases in accounts receiveable                               _____________

Total Uses                                                                       ____________

 

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