In each of the following cases, use the information provided about the 2023 operations of River Bungee
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In each of the following cases, use the information provided about the 2023 operations of River Bungee Inc. to calculate the indicated cash flow:
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Case A: Calculate cash paid for rent: expense......... Rent Rent payable, January 1...... Rent payable, December 31.... Case B: Calculate cash received from interest: Interest income........... Interest receivable, January 1... Interest receivable, December 31.. Case C: Calculate cash paid for merchandise: Cost of goods sold.............. Merchandise inventory, January 1. Accounts payable, January 1.. Merchandise inventory, December 31. Accounts payable, December 31... ............ $ 24,560 5,360 4,400 $ 83,200 8,800 . 9,090 $424,000 127,760 54,320 105,200 . 68,800
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Case A Rent expense Rent payable December 31 Rent payable Januar...View the full answer
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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