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Here is some information for Zenda Company as follows: Balance sheet accounts: 05-31-19 06-30-19 Cash ___________________________$270,000 $253,000 Accounts receivable 425,000 500,000 Inventory 400,000 360,000 Prepaid

Here is some information for Zenda Company as follows:

Balance sheet accounts: 05-31-19 06-30-19

Cash ___________________________$270,000 $253,000

Accounts receivable 425,000 500,000

Inventory 400,000 360,000

Prepaid rent 75,000 95,000

Accounts payable (for inventory purchases only) 130,000 155,000

Accrued wages payable 63,000 47,000

Accrued interest payable 7,000 15,000

Unearned revenue 40,000 50,000

Income statement amounts for June 2019:

Sales revenue $980,000

Cost of goods sold 312,000

Selling, general, and administrative expenses* 410,000

Interest expense 30,000

* includes $36,000 of depreciation expense

Zenda entered into the following transactions during the month ended 06-30-19:

  • Issued 5,000 shares of stock in exchange for 5 acres of land. Zenda is a publicly-traded company. At the time of issuance, one share of Zendas stock had a fair market value of $40.
  • Zenda borrowed $150,000.
  • Zenda sold a fixed asset for $44,000. At the time of the sale, the fixed assets book value was $20,000.

Calculate for following for the month of June 2019:

  1. Cash collections from customers
  2. Cash payments for inventory
  3. Cash payments for selling, general, and administrative expenses
  4. Cash payments for interest
  5. Cash provided by or used in investing activities.

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