The given information is available for Fun and Games Company for first month of 2014:
|
Revenues
|
$30,000
|
|
Expenses
|
16,000
|
|
Increase in accounts receivable
|
1,400
|
|
Decrease in inventory
|
2,000
|
|
Decrease in supplies
|
800
|
|
Increase in accounts payable
|
2,200
|
|
Decrease in wages payable
|
1,000
|
|
Depreciation - It is not a cash expense on the IS, so what do we do?)
|
1,600
|
|
Amortization of Patent (same treatment as Depreciation)
|
600
|
Find cash flow from operating activities for month.