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Prepare operating activities section of business statement

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Reference no: EM13533099

Preparing operating activities using the direct method

Happy Tot's Learning Center has assembled the following data for the year ended June 30, 2012:

Payments to suppliers

$ 117,000

Purchase of equipment

42,000

Payments to employees

72,000

Payment of note payable

25,000

Payment of dividends

7,000

Cash receipt from issuance of stock

18,000

Collections from customers

190,000

Cash receipt from sale of land

60,000

Requirement

1. Prepare the operatingactivities section of the business's statement of cash flows for the year ended June 30, 2012, using the direct method.

Reference no: EM13533099

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