Question

Blue Corporation had the following 2017 income statement. Revenues $102,000 Expenses 65,000 $37,000 In 2017, Blue had the following activity in selected accounts. Accounts Receivable 1/1/17 22,000 Revenues 102,000 12/31/17 25,000 Write-offs 1,000 Collections 98,000 Allowance for Doubtful Accounts Write-offs 1,000 1/1/17 1,300 Bad debt expense 2,000 12/31/17 2,300 (a) Prepare Blue’s cash flows from operating activities section of the statement of cash flows using the direct method.

Answer 1

Answer:

Cash provided by operating activities =$28,700.

Explanation:

Look at attachment for step by step guide.