Question
Based on the following information complete the chart below . Jan 1 st Dec 31st Accounts Receivable $50,000 $150,000 Accounts Payable 40,000 80,000 Credit Sales
- Based on the following information complete the chart below.
Jan 1st | Dec 31st | |
Accounts Receivable | $50,000 | $150,000 |
Accounts Payable | 40,000 | 80,000 |
Credit Sales | 900,000 | |
Cost of Goods Sold | 450,000 | |
Inventory | 120,000 | 180,000 |
Calculate | Show work here | Final Answer |
A/R Period | ||
A/P Period | ||
Inventory Period | ||
Operating Cycle | ||
Cash Cycle |
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Modern Advanced Accounting In Canada
Authors: Murray Hilton
6th Edition
0070001537, 978-0070001534
