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1. Cash collected from customers is______________ 2. Cash paid for merchandise is__________________ 3. T he amount of 20B cash receipts from customers is_________________ 4. T

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1. Cash collected from customers is______________

2. Cash paid for merchandise is__________________

3. The amount of 20B cash receipts from customers is_________________

4. The amount of cash collected from customers is__________________

5. Cost of goods sold is:________________________

image text in transcribed
6. Cash collected from customers is____________

7. Cash payments to suppliers of inventory is _______________

8. Cash payments for wages is____________________

9. Cash payment for purchases of fixed assetsis____________

10. Cash received for issuing stock is_______

1. The financial statements of Esme Company show the following: Sales: $200,000 2. The financial statements of Brian Company show the following: Cost of goods sold $800,000 3. Aliya Company's 20B income statement reported total sales revenue of $300,000. The 20A20B, comparative balance sheets showed that accounts receivable increased by $40,000. 4. The financial statements of Guy Company show the following: Sales: $300,000 5. The following information is available for William Company for 2014 : Disbursements for purchases $5,000,000 Increase in trade accounts payable 30,000 Decrease in merchandise inventory 50,000 Tee Corporation Balance sheets at December 31 Income statement for 2014 \begin{tabular}{|l|r|} \hline Sales & $800,000 \\ \hline Expenses & \\ \hline Cost of goods sold & $244,000 \\ \hline Depreciation expense & $20,000 \\ \hline Wage expense & $100,000 \\ \hline Other operating expenses & $140,000 \\ \hline Total expenses & $504,000 \\ \hline & \\ \hline Net Income & $296,000 \\ \hline \end{tabular}

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