Question: Compute the following items for the statement of cash flows

Compute the following items for the statement of cash flows:
a. Beginning and ending Accounts Receivable are $ 42,000 and $ 35,000, respectively. Credit sales for the period total $ 139,000. How much are cash collections from customers?
b. Cost of Goods Sold is $ 67,000. Beginning Inventory was $ 56,000, and Ending Inventory balance is $ 59,000. Beginning and ending Accounts Payable are $ 24,000 and $ 26,000, respectively. How much are cash payments for inventory?


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  • CreatedJuly 25, 2014
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