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Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500 and net cash used in financing activities was $42,500. What amount of cash was provided (used) in operating activities?
a $(14,500) used.
b $(84,500) used.
c $84,500 provided.
d $113,500 provided.
e $(113,500) used.
Dresser Company’s weekly payroll, paid on Fridays, totals $8,080. Employees work a 5-day week. Prepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $8,080 cash payment on Friday, January 2.
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