Mulan Manila Ltd uses accrual basis accounting to prepare its financial statement. The following information can...

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Mulan Manila Ltd uses accrual basis accounting to prepare its financial statement. The following information can be found from the general ledger accounts. Account receivable Inventory Prepaid rent Account payables Salaries payables Mulan Manila Ltd Sales revenue Cost of Goods sold Expenses (including 23000 depreciation) (a)< Cash collected from customers 30-Jun 2021 2020 $23,200 $27,800 $5,220 $4,830 $1,250 $1,750 $25,100 $28,300 $2,800+ $3,000 $33,750- + $17,500 4 $125,000 4 4 the Required (a) Use the T-account to calculate the amount of cash collected from customers during 2021. (b) Use the T-account to calculate the amount of cash paid to suppliers and employees during 2021.< Mulan Manila Ltd uses accrual basis accounting to prepare its financial statement. The following information can be found from the general ledger accounts. Account receivable Inventory Prepaid rent Account payables Salaries payables Mulan Manila Ltd Sales revenue Cost of Goods sold Expenses (including 23000 depreciation) (a)< Cash collected from customers 30-Jun 2021 2020 $23,200 $27,800 $5,220 $4,830 $1,250 $1,750 $25,100 $28,300 $2,800+ $3,000 $33,750- + $17,500 4 $125,000 4 4 the Required (a) Use the T-account to calculate the amount of cash collected from customers during 2021. (b) Use the T-account to calculate the amount of cash paid to suppliers and employees during 2021.<

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To calculate the amount of cash collected from customers during 2021 we need to consider the changes ... View the full answer