Subject: The accounting records of Yukon Fur Traders include these accounts:(Click the icon to view the accounts.)RequiredCompute Yukoniset cash provided by (used for) operating activities during OctoberUse the indirect method. Do you see any potential problems in Yukontsash flows from operations? How canyou tell?Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.)Cash flows from operating activities:Adjustment to reconcile net income tonet cash provided by (used for) operating activities:Net cash provided by (used for) operating activities Data tableOct 1ReceiptsOct 31Oct 1AcquisitionOct 31PaymentsCash128,000668,800 Payments76,800Equipment289,6006,400296,000Accrued LiabilitiesOct 156,000 ReceiptsOct 31Oct 1720,000 ReceiptsOct 31Accounts Receivable12,800835,200 Collections179,20022,400 Quarterly48,000 Dividend14,400Accumulated Depreciation-EquipmentOct 1DepreciationOct 31Oct 1668,800 PurchasesOct 31Retained EarningsOct 132,000 Net IncomeOct 3172,0008,000 Payments80,000100,80040,000108,800Inventory9,600692,800 Cost of Sales 532,800169,600Accounts PayableOct 1534,400 PurchasesOct 31I24,000692,800182,400<

Cash Flow Statement -Statement of Cash Flow shows inflow and outflow of cash during the financial…

Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments 76,800 Equipment 289,600 6,400 296,000 Accrued Liabilities Oct 1 56,000 Receipts Oct 31 Oct 1 720,000 Receipts Oct 31 Accounts Receivable 12,800 835,200 Collections 179,200 22,400 Quarterly 48,000 Dividend 14,400 Accumulated Depreciation-Equipment Oct 1 Depreciation Oct 31 Oct 1 668,800 Purchases Oct 31 Retained Earnings Oct 1 32,000 Net Income Oct 31 72,000 8,000 Payments 80,000 100,800 40,000 108,800 Inventory 9,600 692,800 Cost of Sales 532,800 169,600 Accounts Payable Oct 1 534,400 Purchases Oct 31 I 24,000 692,800 182,400

Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments 76,800 Equipment 289,600 6,400 296,000 Accrued Liabilities Oct 1 56,000 Receipts Oct 31 Oct 1 720,000 Receipts Oct 31 Accounts Receivable 12,800 835,200 Collections 179,200 22,400 Quarterly 48,000 Dividend 14,400 Accumulated Depreciation-Equipment Oct 1 Depreciation Oct 31 Oct 1 668,800 Purchases Oct 31 Retained Earnings Oct 1 32,000 Net Income Oct 31 72,000 8,000 Payments 80,000 100,800 40,000 108,800 Inventory 9,600 692,800 Cost of Sales 532,800 169,600 Accounts Payable Oct 1 534,400 Purchases Oct 31 I 24,000 692,800 182,400

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter22: End-of-fiscal-period Work For A Corporation

Section: Chapter Questions

Problem 1ANFS

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