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Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $59,000) What
Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $59,000) What is the amount of cash received from customers during the current year? December 31 $ 283,000 $275,000 $ 71,200 $ 252,300 $ 66,150 $ 3,147,500 $ 1,657,500 $ 377,500 January 1 $ 341,500 $ 262,000 $ 68,000 $ 241,550 $ 77,450 Multiple Choice $3,147,500 $3,206,000 $3,236,700 $3,158,250
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