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1 solve Information related to sales and customers: Credit sales made in the year... $ 333,000 Cash sales in the year.. 44,700 Accounts receivable, beginning
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Information related to sales and customers: Credit sales made in the year... $ 333,000 Cash sales in the year.. 44,700 Accounts receivable, beginning 15,000 Accounts receivable, ending 19,200 Information related to merchandise: Cost of goods sold. $ 125,500 Inventory, beginning 11,300 Inventory, ending. 20,100 Accounts payable to suppliers, beginning 8,800 Accounts payable to suppliers, ending. 13,900 Information related to employees: Salaries expense reported $ 65,500 Vacation pay expense reported. 4,600 Accrued salaries payable, beginning.. 2,900 Accrued salaries payable, ending 4,400 Accrued vacation payable, beginning. 400 Accrued vacation payable, ending 750 Required: a) Determine cash received from customers. b) Determine cash paid to suppliers. c) Determine cash paid to employees. SOLUTION (TABLE)Step by Step Solution
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