Sources and Uses of Cash Based only on the following information for Angkaw Corp., did cash go

Question:

Sources and Uses of Cash Based only on the following information for Angkaw Corp., did cash go up or down? By how much classify each event as a source or use of cash.

Decrease in inventory $400

Decrease in accounts payable 160

Increase in notes payable 580

Decrease in accounts receivable 210

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... 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...