Given the following information, what amount of cash was collected from customers in 2021? Assume all...

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Given the following information, what amount of cash was collected from customers in 2021? Assume all sales are on account. Ending Balance 2020 2021 Accounts receivable $625,700 $ 423,800 Sales 3,723,300 2,821,600 Cash collected from customers in 2021 $ Given the following information, what amount of cash was paid to suppliers of inventory in 2021, assuming all accounts payable are related to inventory purchases? Ending Balance 2020 2021 Merchandise inventory $ 669,000 $532,000 Accounts payable 102,000 61,700 Cost of goods sold 4,135,000 3,091,000 Cash paid to suppliers of inventory in 2021 LA Given the following information, what amount of cash was collected from customers in 2021? Assume all sales are on account. Ending Balance 2020 2021 Accounts receivable $625,700 $ 423,800 Sales 3,723,300 2,821,600 Cash collected from customers in 2021 $ Given the following information, what amount of cash was paid to suppliers of inventory in 2021, assuming all accounts payable are related to inventory purchases? Ending Balance 2020 2021 Merchandise inventory $ 669,000 $532,000 Accounts payable 102,000 61,700 Cost of goods sold 4,135,000 3,091,000 Cash paid to suppliers of inventory in 2021 LA

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Cash collected in 2021 Beginning account receivable sales edning acc... View the full answer