Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21 Plaister Company had cash sales of $31,000, increase in accounts payable of $5.000, decrease in accounts receivable of $2,000, increase in inventories of $4,000,

image text in transcribed
21 Plaister Company had cash sales of $31,000, increase in accounts payable of $5.000, decrease in accounts receivable of $2,000, increase in inventories of $4,000, and depreciation expense of $4,000. What was the cash collected from customers? (2 points) $27,000 $26.000 $34,000 $39.000 $33,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide To The Study Of Auditing 1914

Authors: Samuel F. Racine

1st Edition

0266614493, 978-0266614494

More Books

Students also viewed these Accounting questions

Question

recognise typical interviewer errors and explain how to avoid them

Answered: 1 week ago

Question

identify and evaluate a range of recruitment and selection methods

Answered: 1 week ago

Question

understand the role of competencies and a competency framework

Answered: 1 week ago