During August 2008, Packer Manufacturing had the following cash receipts and disbursements:

Assume all sales and purchases are on account.
Required:
1. Determine sales for August 2008.
2. Determine salary expense for August 2008.
3. Determine cost of goods sold for August 2008.

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Cash received from customers Cash received from selling equipment Cash paid for salaries Cash paid to suppliers for inventory purchases $319,000 11,200 47,000 130,000 In addition, the following balance sheet account balances were shown on Packer's books: July 31 August 31 Accounts receivable $128,000 $135,000 Inventory 33,000 25,000 Accounts payable 21,000 25,000 Salaries payable 8,000 5,000