The Lady Luck Casino,Inc.,had $312,000 in cash at the beginning of the year (January 1,2018).Using the data in the chart,prepare a statement of cash flows.
$$\begin{array} { | l | r | }
\hline \text { Cash paid for other operating activities } & \$ 1,291,000 \
\hline \text { Cash paid for dividends } & 16,900 \
\hline \begin{array} { l }
\text { Cash received from selling equiprnent and other } \
\text { assets }
\end{array} & 16,300 \
\hline \text { Cash paid on notes payable } & 412,000 \
\hline \text { Cash paid to suppliers and employees } & 1,258,900 \
\hline \text { Cash collected from customers } & 3,840,700 \
\hline \text { Cash paid to purchase equiprnent and other assets } & 140,200 \
\hline
\end{array}$$

Question

The Lady Luck Casino,Inc.,had $312,000 in cash at the beginning of the year (January 1,2018).Using the data in the chart,prepare a statement of cash flows.
 $$\begin{array} { | l | r | } 
\hline \text { Cash paid for other operating activities } & \$ 1,291,000 \
\hline \text { Cash paid for dividends } & 16,900 \
\hline \begin{array} { l } 
\text { Cash received from selling equiprnent and other } \
\text { assets }
\end{array} & 16,300 \
\hline \text { Cash paid on notes payable } & 412,000 \
\hline \text { Cash paid to suppliers and employees } & 1,258,900 \
\hline \text { Cash collected from customers } & 3,840,700 \
\hline \text { Cash paid to purchase equiprnent and other assets } & 140,200 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The Lady Luck Casino,Inc.,had $312,000 in cash at the beginning of the year (January 1,2018).Using the data in the chart,prepare a statement of cash flows.
 $$\begin{array} { | l | r | } 
\hline \text { Cash paid for other operating activities } & \$ 1,291,000 \
\hline \text { Cash paid for dividends } & 16,900 \
\hline \begin{array} { l } 
\text { Cash received from selling equiprnent and other } \
\text { assets }
\end{array} & 16,300 \
\hline \text { Cash paid on notes payable } & 412,000 \
\hline \text { Cash paid to suppliers and employees } & 1,258,900 \
\hline \text { Cash collected from customers } & 3,840,700 \
\hline \text { Cash paid to purchase equiprnent and other assets } & 140,200 \
\hline
\end{array}$$