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grin007 [14]
3 years ago
12

White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages

expense was $15,188. How much did White pay in cash during the year for wages
Business
1 answer:
borishaifa [10]3 years ago
7 0

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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1 year ago
The following changes took place last year in Pavolik Company’s balance sheet accounts:
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Answer:

1. $260

2. $103

Explanation:

1. Calculation to determine the net cash provided by operating activities for the year

PAVOLIK COMPANY

STATEMENT OF CASH FLOWS PARTIAL (USING INDIRECT METHOD)

FOR THE YEAR ENDED

Particulars Amount

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Adjustment for non cash effects

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Change in operating assets & liabilities

Increase in accounts receivable -$24

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Decrease in accrued liabilities -$24

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STATEMENT OF CASH FLOWS (USING INDIRECT METHOD)

FOR THE YEAR ENDED

Particulars Amount

$

Cash flow from operating activities (a) $260

Cash Flow from Investing activities

Property,plant and equipment purchased -$395

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Net cash Flow from Investing activities (b) -$325

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Common stock purchased -$96

Bonds issued $204

Net cash Flow from Financing activities (c) $90

(+$204-$18-$96)

Net Change in cash c=a+b+c -$25

Beginning cash balance $128

Closing cash balance $103

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Therefore the statement of cash flows for the year is $103

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