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Calculating overall change in cash

Calculate overall change in cash Please review the steps I used in preparing the attached problem.

"Use the following information to determine your client's overal change
in cash." Accounts Receivable ($5,000)
Supplies $1,000
Inventory $3,000
Prepaid Rent ($2,000)
Fixed Assets $18,000
Accumulated Depreciation $4,000
Accounts Payable $3,000
Accrued Expenses ($1,000)
Notes Payable $5,000
Bonds Payable ($2,000)
Common Stock $1,000
Net Income $17,000
Dividends Paid $3,000

CASH FROM OPERATING ACTIVITIES

Net income for the year 2008 Step 1 $17,000
Add:
Prepaid Rent ($2,000)

office supply decreased $1,000
increase in accrrued expenses ($1,000)

Step 2 ($2,000)

Less:
increase in accounts receivable ($5,000)
decrease in accounts payable $3,000
Accumulated Depreciation $4,000
inventory decreased $3,000

Step 3 $5,000

CASH FROM OPERATIONS: $10,000

CASH FROM FINANCING ACTIVITIES
purchase of fixed assets ($18,000)

CASH FLOW FROM INVESTING ACTIVITIES
issue of shares $1,000
repayment of bonds $2,000
Notes Payable $5,000
DIVIDEND PAID $3,000
$11,000
CHANGES IN OVERALL CASH $3,000

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Solution Summary

The expert calculates the overall change in cash.

$2.19