Question: Log In to Canvas Login https://www.fisked. (195) YouTube Use the information below for Washington Company to answer the following question. The following selected account balances

Log In to Canvas Login https://www.fisked. (195) YouTube Use the information below for Washington Company to answer the following question. The following selected account balances appeared on the financial statements of Washington Company: $13,000 9,000 4,000 7,000 Accounts Receivable, January 1 Accounts Receivable, December 31 Accounts Payable, January 1 Accounts Payable, December 31 Merchandise Inventory, January 1 Merchandise Inventory, December 31 Sales Cost of Merchandise Sold 10,000 15,000 56,000 31,000 Washington Company uses the direct method to calculate net cash flow from operating activities. Cash collections from customers were O a. 560,000 Ob. $45.000 D.c. 550.000 Dd. $52.000

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