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STATEMENT OF CASH FLOWS:  REPORTING THE EFFECTS OF OPERATING, INVESTING, AND FINANCING ACTIVITIES ON CASH FLOWS   T4-X

4.34(Heidi’s Hide-Out; inferring cash flows from trial balance data.)

a.Sales Revenue from Retail Customers$120,000

Less Increase in Accounts Receivable from Retail Cus-

tomers ($8,900 – $8,000)(900)

Plus Increase in Advances from Retail Customers

($10,000 – $9,000)1,000

Cash Collected from Retail Customers$120,100

b.Rent Expense$(33,000)

Less Increase in Advances to Landlords ($5,600 –

$5,000)(600)

Less Decrease in Rent Payable to Landlords ($5,300 –

$6,000)(700)

Cash Paid to Landlords$(34,300)

c.Wage Expense$(20,000)

Less Increase in Advances to Employees ($1,500 –

$1,000)(500)

Less Decrease in Wages Payable to Employees ($1,800 –

$2,000)(200)

Cash Paid to Employees$(20,700)

d.Cost of Retail Merchandise Sold$(90,000)

Plus Decrease in Inventory of Retail Merchandise

($10,000 – $11,000)1,000

Less Increase in Advances to Suppliers of Retail Merchan-

dise ($10,500 – $10,000)(500)

Less Increase in Accounts Payable to Suppliers of Retail

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