For each of the following three separate cases, use the information provided about the calendar-year 2012 operations
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Case A: Compute cash receved from customers Sales.... Accounts recelvable, December 31. 2011 . Accounts receivable, December 31, 2012. $510,000 25,200 34,800 Case B: Compute cash paid for rent: Rent expense. .. Rent payable, December 31. 201 Rent payable, December 31, 2012. $140,800 7,200 Case C: Compute cash paid for merchandise: Cost of goods sold Merchandise inventory, December 31,201 Accounts payable, December 31.2011.. Merchandise inventory, December 31,2012 Accounts payable. December 31.2012 . $528,000 159,600 67,800 131,400 84,000
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Case A Sales revenue 510000 Accounts receivable Dec 31 2012 34800 Acco...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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