Question
Fill in the blank for each of the following situations. Balance Sheet Beginning Ending Income Statement Cash Inflow (Outflow) Accounts Receivable $2,000 $5,000 Sales on
Fill in the blank for each of the following situations.
| Balance Sheet | Beginning | Ending | Income Statement | Cash Inflow (Outflow) |
| Accounts Receivable | $2,000 | $5,000 | Sales on Account, $15,000 | Inflow of $12,000 |
| Prepaid Insurance | $4,000 | $3,000 | Insurance expense, $7,000 | Outflow of $6,000 |
| Income Taxes payable | $6,000 | $9,000 | Income Tax expense, $20,000 | Outflow of $35,000 |
| Wages Payable | $5,000 | $3,000 | Wages expense, $25,000 | Outflow of $27,000 |
I am trying to make sure I did this problem corrrectly. The highlighted is the blank in each situation.
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Easyinvoice Invoice Billing Reception Selling Easy To Use
Authors: Thian Thima
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