It is important to understand the relationship between information records under the matching principle and the related cash flows.

Company Ant starts an accounting period being owed 27,000 by customers; makes sales of 118,000 in the period; and receives payments of 123,000.

How much do As customers owe at the end of the period?

Company Cat starts an accounting period owing to its suppliers 28,000; during the period it buys 312,000 from suppliers, and at the end of the period it owes them 45,000.

How much has company C paid to suppliers?

Company Elephant makes sales of 275,000 in an accounting period; receives 260,000 payments from customers, and at the end of the period is still owed 40,000.

How much did Es customers owe at the start of the period?