Charlie Inc. made the following transactions in May:  Sold $100 of inventory for $200 cash.  Sold $50 of inventory for $150 on account. Bought $75 of supplies on account.  Collected $125 of accounts recevable.  Paid $250 of accounts payable.  Incurred $300 of depreciation expense.

How much did cash increase (decrease) in May?

Answer rating: 100% (QA)

Cash increased by 75 in May Explanation Sale of 100 of inv... View the full answer