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3) Central Co. began the year with an accounts receivable balance of $55,000, and ended the year with an accounts receivable balance of $64,000. During
3) Central Co. began the year with an accounts receivable balance of $55,000, and ended the year with an accounts receivable balance of $64,000. During the year, Central Co. recorded $440,000 of sales on account How much cash did Central Co. collect from its customers during the year? 4) A&G Inc. began the year with an accounts payable balance related to inventory purchases of $20,000. The balance in the account at the end of the year was $4,000. During the year, A&G Inc. purchased $108,000 of inventory on account. How much cash did A&G Inc. pay for inventory purchases during the year
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