Selected numbers from financial statements of Zero Merchandising Company are given in the below. Balance Sheets...

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Selected numbers from financial statements of Zero Merchandising Company are given in the below. Balance Sheets As of Dec. 31 Assets 2021 2020 Cash S14,400 $16,500 Accounts receivable 219,600 88,000 Inventory Accounts payable Income taxes payable Retained earnings 170,400 106,700 177,360 36,000 113,040 55,440 15,840 66,220 Income Statements 2021 2010 Sales S2,020,800 $1,375,000 Cost of goods sold Income Tax Expense Net income 1,112,400 891,000 36,000 15,840 S54,000 S23,760 Example of Answer: 4000 (No comma, space, decimal point, or $ sign) How much did company collect cash from customers during 2021? Answer %3D Assume the balance of Accounts payable pertains to vendors. How much did company pay cash to vendors supplying merchandise during 2021? Answer = A/ How much did company pay cash to IRS during 2021? Answer = How much did company pay dividends to its shareholders during 2021? Answer = A/ Selected numbers from financial statements of Zero Merchandising Company are given in the below. Balance Sheets As of Dec. 31 Assets 2021 2020 Cash S14,400 $16,500 Accounts receivable 219,600 88,000 Inventory Accounts payable Income taxes payable Retained earnings 170,400 106,700 177,360 36,000 113,040 55,440 15,840 66,220 Income Statements 2021 2010 Sales S2,020,800 $1,375,000 Cost of goods sold Income Tax Expense Net income 1,112,400 891,000 36,000 15,840 S54,000 S23,760 Example of Answer: 4000 (No comma, space, decimal point, or $ sign) How much did company collect cash from customers during 2021? Answer %3D Assume the balance of Accounts payable pertains to vendors. How much did company pay cash to vendors supplying merchandise during 2021? Answer = A/ How much did company pay cash to IRS during 2021? Answer = How much did company pay dividends to its shareholders during 2021? Answer = A/

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1 Answer 1889200 Cash collected from customers Sales Opening ... View the full answer