Based only on the following information for Dawn Corp., did cash go up or down? By how

Question:

Based only on the following information for Dawn Corp., did cash go up or down? By how much? Classify each event as a source or use of cash.

Decrease in inventory .....................................$365

Decrease in accounts payable..............................215

Increase in notes payable...................................280

Increase in accounts receivable ...........................240

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...