Financial accounting (14th) I just wanna know the Cash Folw of this Question!!!

Question

Financial accounting (14th)

I just wanna know the Cash Folw of this Question!!!

Journal entries, adjusting entries, income statement and balance sheet preparation. The balance sheet of Rybowiak's Building Supplies on June 30, Year 12, appears nearby. RYBOWIAK'S BUILDING SUPPLIES Balance Sheet June 30, Year 12 The following transactions occurred during the month of July. Sold merchandise on account for a total selling price of $85,000. Purchased merchandise inventory on account from various suppliers for $46,300. Paid rent for the month of July of $11,750. Paid salaries to employees during July of $20,600. Collected accounts receivable of $34,150. Paid accounts payable of $38,950. Information affecting adjusting entries at the end of July is as follows: The firm paid the premium on a one-year insurance policy on March 1, Year 12, with coverage beginning on that date. This is the only insurance policy in force on June 30, Year 12. The firm depreciates its equipment over a 10-ycar life. Estimated salvage value of the equipment is negligible. Employees earned salaries of $1,600 during the last two days of July but were not paid. These are the only unpaid salaries at the end of July. The note payable is a 90-day, 6% note issued on June 30, Year 12. Merchandise inventory on hand on July 31, Year 12, totals $77,950. The cost of goods sold for July equals merchandise inventory on June 30, Year 12, plus purchases of merchandise during July minus merchandise inventory on July 31, Year 12.

Explanation / Answer

Note it does not include cash receved fron notes payable in June and Insurance premium paid in March as it has already been

Cash Flow Statements Cash from Operating Activities (For July only) Received cash from customers 34150 Cash paid for rent -11750 Paid salaries to employees -20600 Paid to suppliers -38950 Paid unpaid salaries outstanding on June 30 -1250 Cash flow from operating Activities -38400

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