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Calculate the following items for the statement of cash flows: a. Beginning and ending Accounts Receivable were $22,000 and $19,000, respectively. Credit sales for the
Calculate the following items for the statement of cash flows: a. Beginning and ending Accounts Receivable were $22,000 and $19,000, respectively. Credit sales for the period totaled $68,000. How much were the cash collections from customers? b. Cost of Goods Sold was $73,000. Beginning Inventory was $26,000, and Ending Inventory was $24,000. Beginning and ending Accounts Payable were $9,000 and $7,000, respectively. How much were the cash payments for inventory?
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