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Exercise 12-13 Z Your answer is partially correct. Try again. The 2019 accounting records of Cheyenne Corp. reveal these transactions and events. Payment of interest Cash sales $ 10,100 Collection of accounts receivable 49,900 Payment of salaries and wages $189,900 56,200 Receipt of dividend revenue 18,400 Depreciation expense Payment of income taxes 15,100 Proceeds from sale of vehicles 15,400 12,200 Net income 38,100 Purchase of equipment for cash 21,200 Payment of accounts payable Loss on sale of vehicles 2,300 for merchandise Payment for land 115,800 Payment of dividends 74,300 Payment of operating expenses 13,100 28,000 Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Direct Method 2019 Cash Flows from Operating Activities Cash receipts from Cash Flows from Operating Activities Cash receipts from Customers 49900 Customers 189900 239800 Less cash payments: For Salaries and Wages 56200 To Suppliers for Merchandise 115800 For Income Taxes 15100 For Operating Expenses 28000 For Interest 10100 225200 Net Cash Provided by Operating Activities + 14600

Exercise 12-13 Z Your answer is partially correct. Try again. The 2019 accounting records of Cheyenne Corp. reveal these transactions and events. Payment of interest Cash sales $ 10,100 Collection of accounts receivable 49,900 Payment of salaries and wages $189,900 56,200 Receipt of dividend revenue 18,400 Depreciation expense Payment of income taxes 15,100 Proceeds from sale of vehicles 15,400 12,200 Net income 38,100 Purchase of equipment for cash 21,200 Payment of accounts payable Loss on sale of vehicles 2,300 for merchandise Payment for land 115,800 Payment of dividends 74,300 Payment of operating expenses 13,100 28,000 Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Direct Method 2019 Cash Flows from Operating Activities Cash receipts from Cash Flows from Operating Activities Cash receipts from Customers 49900 Customers 189900 239800 Less cash payments: For Salaries and Wages 56200 To Suppliers for Merchandise 115800 For Income Taxes 15100 For Operating Expenses 28000 For Interest 10100 225200 Net Cash Provided by Operating Activities + 14600

Intermediate Accounting: Reporting And Analysis
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 21E: (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson...
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Choices are: Net income, Depreciation expense, purchase of equipment for cash, proceeds from disposal of plant assets, for interest, loss on disposal of vehicles, for land, customers, for income taxes, dividend revenues, to suppliers for merchandise, for salaries and wages, for operating expenses.

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Exercise 12-13 Z Your answer is partially correct. Try again. The 2019 accounting records of Cheyenne Corp. reveal these transactions and events. Payment of interest Cash sales $ 10,100 Collection of accounts receivable 49,900 Payment of salaries and wages $189,900 56,200 Receipt of dividend revenue 18,400 Depreciation expense Payment of income taxes 15,100 Proceeds from sale of vehicles 15,400 12,200 Net income 38,100 Purchase of equipment for cash 21,200 Payment of accounts payable Loss on sale of vehicles 2,300 for merchandise Payment for land 115,800 Payment of dividends 74,300 Payment of operating expenses 13,100 28,000 Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Direct Method 2019 Cash Flows from Operating Activities Cash receipts from
Transcribed Image Text:Exercise 12-13 Z Your answer is partially correct. Try again. The 2019 accounting records of Cheyenne Corp. reveal these transactions and events. Payment of interest Cash sales $ 10,100 Collection of accounts receivable 49,900 Payment of salaries and wages $189,900 56,200 Receipt of dividend revenue 18,400 Depreciation expense Payment of income taxes 15,100 Proceeds from sale of vehicles 15,400 12,200 Net income 38,100 Purchase of equipment for cash 21,200 Payment of accounts payable Loss on sale of vehicles 2,300 for merchandise Payment for land 115,800 Payment of dividends 74,300 Payment of operating expenses 13,100 28,000 Prepare the cash flows from operating activities section using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cheyenne Corp. Statement of Cash Flows-Direct Method 2019 Cash Flows from Operating Activities Cash receipts from
Cash Flows from Operating Activities Cash receipts from Customers 49900 Customers 189900 239800 Less cash payments: For Salaries and Wages 56200 To Suppliers for Merchandise 115800 For Income Taxes 15100 For Operating Expenses 28000 For Interest 10100 225200 Net Cash Provided by Operating Activities + 14600
Transcribed Image Text:Cash Flows from Operating Activities Cash receipts from Customers 49900 Customers 189900 239800 Less cash payments: For Salaries and Wages 56200 To Suppliers for Merchandise 115800 For Income Taxes 15100 For Operating Expenses 28000 For Interest 10100 225200 Net Cash Provided by Operating Activities + 14600
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