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Please help I have tried every combination but the program keeps marking it wron

ID: 2330664 • Letter: P

Question

Please help I have tried every combination but the program keeps marking it wrong, What am I doing wrong?

entMandoinvoker Hasigiment iassignments&takeAssignmiventSessionl.ocator -assignment-takein o eBook Calculator Determining Selected Amounts for cast Flows from operauing Acdivitios-Direct Methiod taken from the accountno records of Ginis Inc. for the current year endod Decemher 31 are as follows: Balanoe, December 31 Balance, January 1 Accrued expenses payable (operating expenses) Accounts payable (merchandise creditors) Inventories Prepaid expenses During the nethod is used for presentinig the cash flows from operating activities un the statement of cash flowes a. Determine the amourit reported on the statement of cash flows for cash payments for merchandise. $12,650 96,140 178,020 7,360 $14,030 L05,B00 193,430 3,970 the operating expenses other than denreciation were $179.400. The the cost of doods sold was $1,031-550, and 1,025,800 b. Deterrnine the amount reported on the statement of cash flows for cash payments for operating expenses 179,630 X What accounts would have an impact on the amount of cash paid for mierchandise? Consiter what journal entry would need to be made to Day for purchases made on account. What accounts would häve an impact on the cash paid for operating expenses during a perisd 7 Check My Work

Explanation / Answer

b. Cash payments for operating expenses = Operating expenses other than depreciation + Decrease in accrued expenses payable - Decrease in prepaid expenses

Cash payments for operating expenses = $179,400 + $1,380 - $1,610 = $179,170