For each of the following three separate cases, use the information provided about the calendar-year 2010 operations
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Case A: Compute cash recelved from customers: Accounts recetvable, December 31, 2009 ..38,000 .52.440 ounts recelvable, December 31, 2010 Case B: Compute cash pald for rent: Rent expense . Rent payable, December 31, 2009 . Rent payable, December 31, 2010 . . $117.400 6.700 5,561 Case C: Compute cash pald for merchandise: Cost of goods sold... $651.000 Merchandise Inventory, December 31,2009 ....201.810 Accounts payable, Decembe Merchandlse Inventory December 31, 2010 165,484 Accounts payable, December 31. 2010 .105,102 r 3. 2009. 84,760
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Case A Sales revenue 590000 Accounts receivable Dec 31 2009 38000 Accounts r...View the full answer
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