Question
Exercise 2-5A Missing information related to accruals LO 2-3 Castile Inc. had a beginning balance of $3,300 in its Accounts Receivable account. The ending balance
Exercise 2-5A Missing information related to accruals LO 2-3
Castile Inc. had a beginning balance of $3,300 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3,600. During the period, Castile recognized $58,000 of revenue on account. Castiles Salaries Payable account has a beginning balance of $2,300 and an ending balance of $1,000. During the period, the company recognized $36,300 of accrued salary expense. Required a. Based on the information provided, determine the amount of net income.
NET INCOME (
b. Based on the information provided, determine the amount of net cash flow from operating activities. NET CASH FLOW FROM OPERATING ACTIVITIES(
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