Question: Question 35 2 points Saved STATEMENT OF CASH FLOW: Using the direct method, if the cash receipts from customers are 4,000,000 and the net cash

Question 35 2 points Saved STATEMENT OF CASH FLOW: Using the direct method, if the cash receipts from customers are 4,000,000 and the

Question 35 2 points Saved STATEMENT OF CASH FLOW: Using the direct method, if the cash receipts from customers are 4,000,000 and the net cash flow from operating activities using the indirect method is 1,500,000 and the cash paid for merchandise is 800,000, using the direct method, how much is the cash paid for operating expenses? a. 6,300,000 b. 3,300,000 c. 2,500,000 d. 1,700,000 e. None of the above Question 36 JOURNAL ENTRIES: What is the adjusting journal entry to record the accrual of $500 of unpaid interest on a note payable? a. Dr. Interest Payable 500; Cr. Interest Expense 500 b. Dr. Interest Revenue 500; Cr. Cash 500 c. Dr. Cash 500; Cr. Interest Receivable 500 d. Dr. Interest Receivable 500; Cr. Cash 500 e. None of the above

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