Class Notes (837,610)
Canada (510,370)
York University (35,409)
ADMS 2500 (47)
all (8)


8 Pages
Unlock Document

Administrative Studies
ADMS 2500
All Professors

Cash Flow Statement Problem SolutionsProblem 1 aSales 760000 Beginning Accounts Receivable52000 Ending Accounts Receivable43000 Cash Received from Customers 769000Cost of Goods Sold 500000 Ending Inventory110000Beginning Inventory94000Beginning Accounts Payable36000 Ending Accounts Payable31000 Cash Paid for Merchandise Purchased 521000 Sales 760000b Beginning Accounts Receivable52000Ending Accounts Receivable43000Uncollectible Accounts Expense4000 Cash Received from Customers 765000Problem 2 Operating ActivitiesCash received from customers434000 Less Cash Paid to Suppliers of Merchandise272000 Less Cash Paid to Landlord 24000 Less Cash Paid to Employees63000 Less Cash Paid for Insurance14000 61000Cash Received from Customers Sales less increase in Accounts Receivable44000046000434000 Cash Paid to Suppliers Cost of Goods Sold less decrease in Inventory less increase in Accounts Payable3000001600012000272000note assumes the change in accounts payable all relates to merchandise purchasesCash Paid to Landlord Rent Expense adjusted for change in Prepaid Rent no change24000Cash Paid to Employees Wages Expense plus decrease in Wages Payable 60000300063000Cash Paid for Insurance Insurance Expense plus increase in Prepaid Insurance12000200014000
More Less

Related notes for ADMS 2500

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.