Question
Company reported the following information in 2020. Account Amount Reported Sales Revenue $1,000 Cost of Goods Sold ($500) Bad Debt Expense ($2) Rent Expense ($100)
Company reported the following information in 2020.
Account | Amount Reported |
Sales Revenue | $1,000 |
Cost of Goods Sold | ($500) |
Bad Debt Expense | ($2) |
Rent Expense | ($100) |
Cash (Begin) | $30 |
Cash (End) | $50 |
Accounts Receivable (Begin) | $14 |
Accounts Receivable (End) | $15 |
Allowance for Doubtful Accounts (Begin) | ($1) |
Allowance for Doubtful Accounts (End) | ($2) |
Inventory (Begin) | $100 |
Inventory (End) | $120 |
Accounts Payable (Begin) | $25 |
Accounts Payable (End) | $28 |
Rent Payable (Begin) | $15 |
Rent Payable (End) | $12 |
Provide the cash flow for each item in the table below.
Item | Amount |
Cash Receipts from Customers |
|
Cash Payments to Suppliers |
|
Cash Payments for Rent |
|
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