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The August accounting records of Marley & Associates include these accounts: E: (Click the icon to view the accounts.) Requirement 1. Compute Marley & Associates' net cash provided by operating activities during August. Use the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities
operating activities during August. Use the indirect method. (Use parenthese Collections from customers Decrease in accounts receivable Depreciation expense Increase in accounts payable Increase in inventory Payments to suppliers Net cash provided by (used for) operating activities
- Х Data table Cash Accounts receivable Aug 1 607,000 Aug 1 13,000 Collections 604,000 9,000 Payments 604,000 Sales 594,000 Receipts Aug 31 6,000 Aug 31 3,000 Inventory Accounts payable Aug 1 19,000 Cost of goods sold 309,000 Payments 313,000 Aug 1 18,000 Purchases 324,000 Purchases 324,000 Aug 31 34,000 Aug 31 29,000 Accumulated depreciation Retained earnings 47,000 Dividends 15,000 Aug 1 62,000 |Aug 1 Depreciation expense 6,000 Net income 45,000 |Aug 31 53,000 Aug 31 92,000