Chrome File Edit View History MyPath - Home Bookmarks Profiles Tab Window Help LTI Launch M Question 13 - Ch 12: Assignm Untitled document - Google X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mhedu... Ch 12: Assignment 13 At December 31 Assets Cash CRUZ, INCORPORATED Comparative Balance Sheets Accounts receivable, net Inventory Prepaid expenses Saved 2021 2020 $ 99,000 42,800 $ 25,000 53,100 89,600 99,700 5,600 4,400 237,000 182,200 113,000 124,700 Part 1 of 3 eBook Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity (17,600) (9,400) $ 332,400 $ 297,500 $ 15,600 9,400 $ 21,900 5,200 1,500 2,700 26,500 29,800 31,100 65,700 57,600 95,500 238,600 190,000 36,200 12,000 Total liabilities and equity $ 332,400 $ 297,500 CRUZ, INCORPORATED Income Statement Common stock, $5 par value Retained earnings Mc Graw Hill 21 For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income MAY 4 $ 509,400 327,800 181,600 92,900 39,200 49,500 18,100 $ 31,400 S < Prev 13 14 15 of 21 Next > 2 tv Sat May 4 1:01 AM New Chrome available : ilable: Help Save & Exit Submit 1 A ck ng Fied Chrome File Edit View History MyPath - Home Bookmarks Profiles Tab Window Help LTI Launch M Question 13 - Ch 12: Assignm Untitled document - Google X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mhedu... Ch 12: Assignment Depreciation expense Income before taxes 13 Income taxes expense Net income Part 1 of 3 Saved 39,200 49,500 18,100 $ 31,400 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021? Complete this question by entering your answers in the tabs below. eBook Mc Graw Hill Required 1 Required 2 How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. Beginning balance Ending Balance 21 Accounts Receivable MAY 4 Required 1 Required 2 > S < Prev 13 14 15 of 21 Next > 2 tv Sat May 4 1:01 AM New Chrome available : ilable: Help Save & Exit Submit 1 A ck ng Fied Chrome File Edit View History MyPath - Home Bookmarks Profiles Tab Window Help LTI Launch M Question 13 - Ch 12: Assignm Untitled document - Google X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mhedu... Ch 12: Assignment 13 Part 1 of 3 eBook Mc Graw Hill Depreciation expense Income before taxes Income taxes expense Net income Saved 39,200 49,500 18,100 $ 31,400 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the net increase or decrease in the Cash account for year 2021? < Required 1 Required 2 > 21 MAY 4 S < Prev 13 14 15 of 21 Next > 2 tv Sat May 4 1:02 AM New Chrome available: e Chrome Help Save & Exit Submit 1 A nshot .47.47 PM nshot .01.02 AM nshot .01.10 AM