ASSIGNMENT #6
Question 16
The 2022 accounting records of Windsor, Inc. reveal these transactions and events.
able[[Payment of interest,$10,800,Payment of salaries and wages,58,000],[Cash sales,50,300,Depreciation expense,15,000],[Receipt of dividend revenue,17,800,Proceeds from sale of vehicles,812,400],[Payment of income taxes,15,400,Purchase of equipment for cash,22,000],[Net income,37,400,Loss on sale of vehicles,2,800],[Payment for merchandise,96,700,Payment of dividends,13,800],[Payment for land,74,000,Payment of operating expenses,27,700],[Collection of accounts receivable,196,400,,]]
Prepare the cash flows from operating activities section using the direct method.
Question 16 of 17
(18)/(21)
Cash receipts from
$
Dividend Revenue
cash payments:
For Operating Expenses
For Interest
10800
$
For Income Taxes
To Suppliers for Merchandise
96700
For Salaries and Wages
Net Cash Provided by Operati
SUPPORT
Fill in the blanks using the following information :
ASSIGNMENT#6 Question 16
Question 16of 17
18/21
The 2022 accounting records of Windsor, Inc.reveal these transactions and events.
Cash receipts from
Payment of interest
$10,800
Payment of salaries and wages 50,300 Depreciation expense 17,800 Proceeds from sale of vehicles
Customers
58,000
196400
Cash sales
15,000
Dividend Revenue
17800
Receipt of dividend revenue
812,400
Payment of income taxes
15,400
Purchase of equipment for cash
178600
22,000
Net income
37,400
Loss on sale of vehicles 96,700 Payment of dividends 74,000 Payment of operating expenses
2,800
Less cash payments
Payment for merchandise
13,800
For Operating Expenses
27700
Payment for land
27,700
Collection of accounts receivable
For Interest
196,400
10800
For Income Taxes
15400
Prepare the cash flows from operating activities section using the direct method.
To Suppliers for Merchandise
96700
Windsor,Inc.
Statement of Cash Flows-Direct Method
For Salaries and Wages
58000
SUPPORT
A
Net Cash Provided by Operati
Cash receipts from
55900