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acc In each of the following cases, use the information provided about the 2020 operations of Prestige Water Corp. to calculate the indicated cash flow
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In each of the following cases, use the information provided about the 2020 operations of Prestige Water Corp. to calculate the indicated cash flow (Amounts to be deducted should be listed as negative amounts.) Case A: $307,000 15,140 20,890 Case : Calculate cash received from customers: Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 Calculate cash paid for insurance: Insurance expense Prepaid insurance, January 1 Prepaid insurance, December 31 Calculate cash paid for salaries: Salaries expense Salaries payable, January 1 Salaries payable, December 31 $ 41,960 6,860 10,270 Case C: $122,600 7,570 10,eee Case A PRESTIGE WATER CORP. Statement of Cash Flows Sales revenue Accounts receivable, December 31 Accounts receivable January 1 Case B Cash receipts from customers Insurance expense Prepaid insurance, December 31 Step by Step Solution
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