Given the following information, calculate the change in cash for the year: Cash sales collected from customers
Question:
Given the following information, calculate the change in cash for the year:
Cash sales collected from customers ........ $31,000
Cash received from sale of vehicle .......... 5,000
Goodwill amortization expense for the year ..... 3,200
Cash received from issuance of stock .........75,000
Cash paid for salaries...............19,800
Cash received from sale of land ...........21,200
Cash paid for other operating expenses ........14,000
Cash paid to vendor for inventory ..........10,550
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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